First Citizens Bank & Trust Co. Sells 6,450 Shares of iShares S&P 500 Value ETF (IVE)

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First Citizens Bank & Trust Co. decreased its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 59.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,369 shares of the company’s stock after selling 6,450 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in iShares S&P 500 Value ETF were worth $493,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IVE. Carroll Financial Associates Inc. lifted its stake in shares of iShares S&P 500 Value ETF by 4.6% during the 4th quarter. Carroll Financial Associates Inc. now owns 2,271 shares of the company’s stock worth $234,000 after purchasing an additional 100 shares during the last quarter. Family Firm Inc. raised its stake in iShares S&P 500 Value ETF by 1.0% in the fourth quarter. Family Firm Inc. now owns 10,658 shares of the company’s stock valued at $1,078,000 after buying an additional 109 shares during the last quarter. Managed Account Services Inc. raised its stake in iShares S&P 500 Value ETF by 1.0% in the fourth quarter. Managed Account Services Inc. now owns 11,448 shares of the company’s stock valued at $1,238,000 after buying an additional 109 shares during the last quarter. Taylor Cottrill Erickson & Associates Inc. raised its stake in iShares S&P 500 Value ETF by 2.0% in the fourth quarter. Taylor Cottrill Erickson & Associates Inc. now owns 5,823 shares of the company’s stock valued at $589,000 after buying an additional 116 shares during the last quarter. Finally, Torch Wealth Management LLC raised its stake in iShares S&P 500 Value ETF by 3.2% in the fourth quarter. Torch Wealth Management LLC now owns 4,250 shares of the company’s stock valued at $430,000 after buying an additional 130 shares during the last quarter.

iShares S&P 500 Value ETF stock opened at $116.22 on Monday. iShares S&P 500 Value ETF has a one year low of $94.72 and a one year high of $118.81.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, March 21st were paid a $0.6411 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Wednesday, March 20th.

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About iShares S&P 500 Value ETF

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.

Further Reading: Differences Between Momentum Investing and Long Term Investing

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

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