Financial Life Advisors reduced its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 1.0% during the 1st quarter, Holdings Channel reports. The fund owned 150,314 shares of the company’s stock after selling 1,589 shares during the period. iShares S&P 500 Value ETF comprises about 11.7% of Financial Life Advisors’ portfolio, making the stock its 2nd biggest position. Financial Life Advisors’ holdings in iShares S&P 500 Value ETF were worth $28,080,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. BKM Wealth Management LLC lifted its position in shares of iShares S&P 500 Value ETF by 2.9% in the first quarter. BKM Wealth Management LLC now owns 63,882 shares of the company’s stock valued at $11,934,000 after acquiring an additional 1,802 shares in the last quarter. Diversified Trust Co lifted its position in iShares S&P 500 Value ETF by 3.9% during the first quarter. Diversified Trust Co now owns 3,335 shares of the company’s stock worth $623,000 after buying an additional 124 shares during the period. RHS Financial LLC purchased a new position in iShares S&P 500 Value ETF during the first quarter worth about $217,000. Aviance Capital Partners LLC purchased a new position in iShares S&P 500 Value ETF during the first quarter worth about $204,000. Finally, Pettinga Financial Advisors LLC purchased a new position in iShares S&P 500 Value ETF during the first quarter worth about $13,261,000.
iShares S&P 500 Value ETF Stock Performance
NYSEARCA IVE traded down $0.77 during trading hours on Monday, hitting $181.24. 482,995 shares of the company’s stock were exchanged, compared to its average volume of 798,325. The business’s 50 day moving average is $182.48 and its 200-day moving average is $179.37. iShares S&P 500 Value ETF has a 12-month low of $147.23 and a 12-month high of $187.24. The firm has a market capitalization of $32.47 billion, a P/E ratio of 23.79 and a beta of 0.81.
iShares S&P 500 Value ETF Company 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.
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