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

On November 4, 2024, Stephens Inc. AR reported a decrease in its investment in the iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.1% during the third quarter. According to the most recent filing made with the Securities and Exchange Commission, the firm now holds 9,836 shares after selling 110 shares during the quarter. The value of Stephens Inc. AR's holdings in the iShares S&P 500 Value ETF amounts to approximately $1,939,000 based on the latest filing.

In addition to Stephens Inc. AR's activities, several other large investors have adjusted their stakes in the ETF. For instance, Sutton Place Investors LLC increased its stake by 9.3% in the second quarter, resulting in ownership of 5,704 shares valued at $1,038,000 after purchasing an additional 483 shares. NBC Securities Inc. raised its holdings by 33.3% in the third quarter, now owning 2,148 shares valued at $423,000 following an acquisition of 536 shares. Similarly, Financial Partners Group Inc. grew its stake by 2.7% during the second quarter, bringing its total to 2,784 shares, worth $507,000 after buying 74 more shares. Ausdal Financial Partners Inc. marked a significant increase of 81.0% in the third quarter, now holding 46,203 shares valued at $9,110,000 after acquiring an additional 20,674 shares. Pinkerton Retirement Specialists LLC also increased its stake by 9.5% during the first quarter, owning 172,362 shares valued at $32,199,000 after adding 14,954 shares to its portfolio.

Performance Overview of iShares S&P 500 Value ETF

As of Monday, shares of the iShares S&P 500 Value ETF (NYSEARCA:IVE) opened at $194.77. The ETF has a fifty-day moving average price of $196.05, while its two-hundred-day moving average stands at $188.39. The fund has recorded a one-year low of $153.65 and a high of $201.08. Currently, it holds a market capitalization of $34.89 billion, a price-to-earnings ratio of 23.79, and a beta of 0.81.

Understanding the iShares S&P 500 Value ETF

The iShares S&P 500 Value ETF, formerly known as the iShares S&P 500 Value Index Fund, is an exchange-traded fund. This ETF aims to provide investment results that correspond to the price and yield performance of the S&P 500 Value Index. The index measures the performance of the large-cap value sector of the U.S. equity market, comprising stocks exhibiting strong value characteristics.

Stephens, Investment, ETF