MMA Asset Management LLC Trims Stock Holdings in iShares S&P 500 Value ETF $IVE

MMA Asset Management LLC lessened its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 15.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,469 shares of the company’s stock after selling 22,932 shares during the period. iShares S&P 500 Value ETF accounts for about 8.4% of MMA Asset Management LLC’s portfolio, making the stock its biggest holding. MMA Asset Management LLC’s holdings in iShares S&P 500 Value ETF were worth $25,085,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in IVE. United Services Automobile Association bought a new position in iShares S&P 500 Value ETF in the 2nd quarter valued at approximately $26,000. Harbor Asset Planning Inc. bought a new stake in iShares S&P 500 Value ETF during the 2nd quarter worth approximately $30,000. Tripletail Wealth Management LLC acquired a new position in iShares S&P 500 Value ETF in the 3rd quarter valued at approximately $37,000. Rossmore Private Capital bought a new position in shares of iShares S&P 500 Value ETF during the third quarter valued at $44,000. Finally, Cloud Capital Management LLC bought a new position in shares of iShares S&P 500 Value ETF during the third quarter valued at $45,000.

iShares S&P 500 Value ETF Stock Up 1.4%

Shares of iShares S&P 500 Value ETF stock opened at $222.07 on Friday. iShares S&P 500 Value ETF has a twelve month low of $165.45 and a twelve month high of $222.31. The stock has a market cap of $50.17 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89. The company’s fifty day moving average is $214.92 and its 200 day moving average is $208.24.

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. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.