Regal Wealth Group Inc. Sells 38,896 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Regal Wealth Group Inc. lowered its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 25.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 115,280 shares of the company’s stock after selling 38,896 shares during the period. iShares S&P 500 Value ETF makes up 10.6% of Regal Wealth Group Inc.’s investment portfolio, making the stock its 2nd biggest position. Regal Wealth Group Inc.’s holdings in iShares S&P 500 Value ETF were worth $11,659,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its holdings in shares of iShares S&P 500 Value ETF by 17.7% during the third quarter. Envestnet Asset Management Inc. now owns 5,728,324 shares of the company’s stock worth $682,473,000 after purchasing an additional 862,369 shares during the period. Townsend & Associates Inc acquired a new position in iShares S&P 500 Value ETF in the second quarter valued at $23,278,000. Wells Fargo & Company MN lifted its holdings in iShares S&P 500 Value ETF by 2.2% in the second quarter. Wells Fargo & Company MN now owns 7,408,670 shares of the company’s stock valued at $863,630,000 after buying an additional 162,241 shares during the period. Morgan Stanley lifted its holdings in iShares S&P 500 Value ETF by 1.4% in the second quarter. Morgan Stanley now owns 10,729,244 shares of the company’s stock valued at $1,250,708,000 after buying an additional 148,567 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in iShares S&P 500 Value ETF by 88.3% in the second quarter. HighTower Advisors LLC now owns 243,101 shares of the company’s stock valued at $28,336,000 after buying an additional 113,993 shares during the period.

IVE stock traded up $0.04 during midday trading on Wednesday, hitting $121.46. The stock had a trading volume of 30,115 shares, compared to its average volume of 802,688. iShares S&P 500 Value ETF has a 1-year low of $94.72 and a 1-year high of $122.04. The business has a fifty day moving average price of $118.82 and a two-hundred day moving average price of $116.28.

The company also recently announced a — dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 25th were issued a $0.7159 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a yield of 2.3%.

iShares S&P 500 Value ETF Profile

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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Institutional Ownership by Quarter for iShares S&P 500 Value ETF (NYSEARCA:IVE)

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