iShares S&P 500 Value ETF (NYSEARCA:IVE) is MMA Asset Management LLC’s Largest Position

MMA Asset Management LLC reduced its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 36.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 144,380 shares of the company’s stock after selling 83,623 shares during the period. iShares S&P 500 Value ETF comprises 12.0% of MMA Asset Management LLC’s portfolio, making the stock its largest holding. MMA Asset Management LLC owned 0.08% of iShares S&P 500 Value ETF worth $27,559,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in shares of iShares S&P 500 Value ETF by 5.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,233 shares of the company’s stock worth $807,000 after purchasing an additional 235 shares during the period. Maia Wealth LLC boosted its position in shares of iShares S&P 500 Value ETF by 8.9% in the fourth quarter. Maia Wealth LLC now owns 26,640 shares of the company’s stock worth $5,278,000 after purchasing an additional 2,167 shares during the period. Sharkey Howes & Javer boosted its position in shares of iShares S&P 500 Value ETF by 2.4% in the fourth quarter. Sharkey Howes & Javer now owns 76,730 shares of the company’s stock worth $14,646,000 after purchasing an additional 1,810 shares during the period. Middleton & Co. Inc. MA boosted its position in shares of iShares S&P 500 Value ETF by 8.3% in the fourth quarter. Middleton & Co. Inc. MA now owns 1,950 shares of the company’s stock worth $372,000 after purchasing an additional 150 shares during the period. Finally, Providence First Trust Co bought a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth $31,000.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA:IVE opened at $197.20 on Friday. The firm has a fifty day moving average price of $194.49 and a 200 day moving average price of $196.23. iShares S&P 500 Value ETF has a fifty-two week low of $176.09 and a fifty-two week high of $206.63. The firm has a market cap of $35.97 billion, a price-to-earnings ratio of 22.47 and a beta of 0.95.

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.