BKM Wealth Management LLC Sells 1,351 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

BKM Wealth Management LLC cut its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.0% in the third quarter, Holdings Channel.com reports. The firm owned 64,634 shares of the company’s stock after selling 1,351 shares during the quarter. iShares S&P 500 Value ETF makes up approximately 5.2% of BKM Wealth Management LLC’s investment portfolio, making the stock its biggest position. BKM Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $12,744,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in iShares S&P 500 Value ETF by 5.1% during the first quarter. JPMorgan Chase & Co. now owns 17,776,089 shares of the company’s stock worth $3,320,751,000 after acquiring an additional 861,704 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in iShares S&P 500 Value ETF by 3.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,380,397 shares of the company’s stock valued at $2,253,356,000 after buying an additional 420,007 shares during the period. LPL Financial LLC lifted its position in iShares S&P 500 Value ETF by 4.9% in the second quarter. LPL Financial LLC now owns 4,258,617 shares of the company’s stock valued at $775,111,000 after buying an additional 200,427 shares during the last quarter. US Bancorp DE boosted its stake in iShares S&P 500 Value ETF by 9.9% during the first quarter. US Bancorp DE now owns 1,539,081 shares of the company’s stock worth $287,516,000 after buying an additional 139,258 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of iShares S&P 500 Value ETF by 3.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,424,716 shares of the company’s stock valued at $259,313,000 after acquiring an additional 47,074 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE stock opened at $196.32 on Friday. iShares S&P 500 Value ETF has a one year low of $147.23 and a one year high of $201.08. The firm’s 50 day moving average price is $195.53 and its 200-day moving average price is $187.62. The firm has a market cap of $35.17 billion, a P/E ratio of 23.79 and a beta of 0.81.

About iShares S&P 500 Value ETF

iShares S&P 500 Value ETF (the Fund), formerly iShares S&P 500 Value Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 500 Value Index (the Index). The Index measures the performance of the large-capitalization value sector of the United States equity market and consists of those stocks in the S&P 500 exhibiting the strongest value characteristics.