International Assets Investment Management LLC Reduces Holdings in iShares S&P 500 Value ETF

On January 9th, 2025, it was reported that International Assets Investment Management LLC has significantly reduced its investment in the iShares S&P 500 Value ETF (NYSEARCA:IVE). According to their recent Form 13F filing with the SEC, the company has cut its stake by a remarkable 99.5% during the fourth quarter of 2024. After divesting 1,327,008 shares, the firm now holds only 6,552 shares, which are valued at approximately $1,245,000 as of the end of the last reporting period.

Additionally, other institutional investors and hedge funds have made adjustments to their holdings in the iShares S&P 500 Value ETF recently. Envestnet Asset Management Inc. increased its ownership by 3.5% in the second quarter, accumulating a total of 12,380,397 shares valued at around $2.25 billion after purchasing 420,007 additional shares. Similarly, LPL Financial LLC raised its stake by 4.9%, owning 4,258,617 shares, which are worth about $775 million after an additional buy of 200,427 shares.

Stifel Financial Corp also boosted its investments by 2.5% in the third quarter, bringing its total holdings to 2,488,560 shares valued at approximately $490.67 million, following the acquisition of 60,868 shares. PNC Financial Services Group Inc. and Huntington National Bank also reported increases in their holdings of IVE in the same quarter, showcasing a diverse range of activities among various investors.

iShares S&P 500 Value ETF Market Performance

As of Thursday, IVE opened at $191.15 per share. This exchange-traded fund has a market capitalization of $34.24 billion, a price-to-earnings ratio of 23.79, and a beta of 0.81. Over the past year, the ETF reached a low of $170.13 and a high of $206.63. Currently, the 50-day moving average price stands at $197.83 while the 200-day moving average price is $193.61.

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 designed to track the performance of the S&P 500 Value Index. This index specifically measures the performance of large-cap value stocks encompassed in the S&P 500, focusing on companies that exhibit strong value characteristics.

Investment, ETF, HedgeFunds