Lee Financial Co Cuts Stock Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Lee Financial Co reduced its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 9,500 shares of the company’s stock after selling 215 shares during the period. Lee Financial Co’s holdings in iShares S&P 500 Value ETF were worth $1,813,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IVE. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of iShares S&P 500 Value ETF by 100.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the company’s stock worth $29,000 after purchasing an additional 76 shares in the last quarter. Kentucky Trust Co purchased a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter valued at $29,000. Northwest Investment Counselors LLC bought a new stake in iShares S&P 500 Value ETF in the 3rd quarter worth about $31,000. Valued Wealth Advisors LLC purchased a new position in iShares S&P 500 Value ETF in the 3rd quarter worth about $35,000. Finally, Perkins Coie Trust Co bought a new position in iShares S&P 500 Value ETF during the 4th quarter valued at about $35,000.

iShares S&P 500 Value ETF Stock Down 0.2 %

Shares of NYSEARCA IVE opened at $196.62 on Friday. The firm’s 50-day moving average price is $194.31 and its 200-day moving average price is $195.46. iShares S&P 500 Value ETF has a 52-week low of $175.71 and a 52-week high of $206.63. The company has a market cap of $35.22 billion, a PE ratio of 23.79 and a beta of 0.81.

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.