Bank of Montreal Can Cuts Stock Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Bank of Montreal Can lowered its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.6% during the third quarter, Holdings Channel reports. The fund owned 283,544 shares of the company’s stock after selling 4,661 shares during the period. Bank of Montreal Can’s holdings in iShares S&P 500 Value ETF were worth $55,716,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Northwest Investment Counselors LLC purchased a new position in iShares S&P 500 Value ETF in the third quarter valued at $31,000. Valued Wealth Advisors LLC purchased a new position in iShares S&P 500 Value ETF in the third quarter valued at $35,000. Addison Advisors LLC increased its holdings in iShares S&P 500 Value ETF by 50.0% in the second quarter. Addison Advisors LLC now owns 279 shares of the company’s stock valued at $51,000 after buying an additional 93 shares during the last quarter. Colony Family Offices LLC increased its holdings in iShares S&P 500 Value ETF by 77.3% in the third quarter. Colony Family Offices LLC now owns 273 shares of the company’s stock valued at $54,000 after buying an additional 119 shares during the last quarter. Finally, TruNorth Capital Management LLC purchased a new position in iShares S&P 500 Value ETF in the second quarter valued at $65,000.

iShares S&P 500 Value ETF Price Performance

NYSEARCA:IVE opened at $205.52 on Thursday. The firm has a market capitalization of $36.82 billion, a PE ratio of 23.79 and a beta of 0.81. The business’s fifty day moving average price is $198.59 and its 200 day moving average price is $190.93. iShares S&P 500 Value ETF has a 12 month low of $163.68 and a 12 month high of $206.47.

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.