Stephens Inc. AR Reduces Stake in iShares S&P 500 Value ETF

On November 4, 2024, it was reported that Stephens Inc. AR has decreased its interest in the iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.1% in the third quarter. According to their recent filing with the Securities and Exchange Commission, the firm now holds 9,836 shares after selling 110 shares during this time period. The value of Stephens Inc. AR’s holdings in the ETF was approximately $1,939,000 based on this filing.

Other institutional investors have also adjusted their positions in the iShares S&P 500 Value ETF. For instance, Sutton Place Investors LLC increased its stake by 9.3% in the second quarter, owning 5,704 shares valued at $1,038,000 after purchasing an additional 483 shares. NBC Securities Inc. significantly boosted its holdings, growing them by 33.3% in the third quarter to hold 2,148 shares worth $423,000 after adding 536 shares. Furthermore, Financial Partners Group Inc. saw a 2.7% increase in its holdings during the second quarter, now owning 2,784 shares valued at $507,000 after acquiring 74 more shares. Ausdal Financial Partners Inc. experienced substantial growth, increasing its ownership of shares by 81.0% in the third quarter, bringing its total to 46,203 shares valued at $9,110,000 after buying an additional 20,674 shares. Lastly, Pinkerton Retirement Specialists LLC increased its holdings by 9.5% in the first quarter, owning 172,362 shares valued at $32,199,000 after acquiring an extra 14,954 shares.

Performance of iShares S&P 500 Value ETF

As for the iShares S&P 500 Value ETF, its shares opened at $194.77 on Monday. The stock has a fifty-day moving average price of $196.05 and a two-hundred-day moving average of $188.39. The ETF's performance has seen a one-year low of $153.65 and a high of $201.08. Currently, it boasts a market capitalization of approximately $34.89 billion and has a price-to-earnings ratio of 23.79, with a beta of 0.81.

Understanding the iShares S&P 500 Value ETF

The iShares S&P 500 Value ETF, previously known as the iShares S&P 500 Value Index Fund, is an exchange-traded fund (ETF) that aims to deliver investment results that correspond to the price and yield performance of the S&P 500 Value Index. This index measures the performance of large-capitalization value stocks in the U.S. equity market, focusing on those that exhibit strong value characteristics.

Stephens, iShares, ETFs