Sequoia Financial Advisors LLC cut its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 8.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,575 shares of the company’s stock after selling 2,217 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $5,189,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IVE. Simplex Trading LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter worth $25,000. Hilton Head Capital Partners LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter valued at $25,000. Decker Retirement Planning Inc. purchased a new position in iShares S&P 500 Value ETF in the fourth quarter valued at $26,000. United Services Automobile Association purchased a new position in iShares S&P 500 Value ETF in the second quarter valued at $26,000. Finally, Palisade Asset Management LLC acquired a new position in iShares S&P 500 Value ETF during the 3rd quarter worth $29,000.
iShares S&P 500 Value ETF Price Performance
Shares of NYSEARCA IVE opened at $230.49 on Monday. The stock’s 50-day moving average is $226.88 and its two-hundred day moving average is $220.16. iShares S&P 500 Value ETF has a 1-year low of $193.90 and a 1-year high of $232.28. The company has a market cap of $48.63 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82.
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. 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.
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