Eastern Bank trimmed its position in iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 23.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,943 shares of the company’s stock after selling 1,189 shares during the quarter. Eastern Bank’s holdings in iShares S&P 500 Value ETF were worth $751,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Pinney & Scofield Inc. purchased a new position in shares of iShares S&P 500 Value ETF in the fourth quarter worth $26,000. Cloud Capital Management LLC purchased a new position in shares of iShares S&P 500 Value ETF in the first quarter worth $27,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of iShares S&P 500 Value ETF in the first quarter worth $29,000. Nemes Rush Group LLC increased its stake in shares of iShares S&P 500 Value ETF by 625.0% in the first quarter. Nemes Rush Group LLC now owns 174 shares of the company’s stock worth $33,000 after buying an additional 150 shares during the period. Finally, IMG Wealth Management Inc. purchased a new position in shares of iShares S&P 500 Value ETF in the first quarter worth $34,000.
iShares S&P 500 Value ETF Stock Down 0.6%
Shares of NYSEARCA IVE opened at $198.42 on Thursday. The company has a market cap of $39.69 billion, a price-to-earnings ratio of 20.70 and a beta of 0.94. The firm’s fifty day moving average is $194.02 and its 200 day moving average is $190.83. iShares S&P 500 Value ETF has a 52 week low of $165.45 and a 52 week high of $206.63.
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.
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