International Assets Investment Management LLC Cuts Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

International Assets Investment Management LLC cut its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 99.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,552 shares of the company’s stock after selling 1,327,008 shares during the period. International Assets Investment Management LLC’s holdings in iShares S&P 500 Value ETF were worth $1,245,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. One Wealth Capital Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter worth $2,907,000. Ridgeline Wealth LLC purchased a new position in iShares S&P 500 Value ETF in the 4th quarter worth $382,000. Dentgroup LLC grew its stake in iShares S&P 500 Value ETF by 14.1% during the 4th quarter. Dentgroup LLC now owns 4,663 shares of the company’s stock valued at $890,000 after purchasing an additional 576 shares during the last quarter. Garden State Investment Advisory Services LLC increased its holdings in shares of iShares S&P 500 Value ETF by 10.4% in the third quarter. Garden State Investment Advisory Services LLC now owns 1,442 shares of the company’s stock valued at $284,000 after purchasing an additional 136 shares during the period. Finally, Copley Financial Group Inc. purchased a new position in shares of iShares S&P 500 Value ETF in the third quarter worth about $36,000.

iShares S&P 500 Value ETF Stock Up 0.1 %

iShares S&P 500 Value ETF stock opened at $191.15 on Thursday. iShares S&P 500 Value ETF has a 52 week low of $170.13 and a 52 week high of $206.63. The stock has a 50-day moving average price of $197.83 and a 200 day moving average price of $193.61. The company has a market capitalization of $34.24 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

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.