IFP Advisors Inc Sells 4,004 Shares of iShares S&P 500 Value ETF $IVE

IFP Advisors Inc lowered its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 148,739 shares of the company’s stock after selling 4,004 shares during the period. IFP Advisors Inc’s holdings in iShares S&P 500 Value ETF were worth $33,773,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IVE. Simplex Trading LLC bought a new position in iShares S&P 500 Value ETF during the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC purchased a new stake in iShares S&P 500 Value ETF in the 4th quarter worth about $25,000. RMG Wealth Management LLC bought a new stake in iShares S&P 500 Value ETF in the first quarter worth about $27,000. Decker Retirement Planning Inc. bought a new stake in iShares S&P 500 Value ETF in the fourth quarter worth about $26,000. Finally, United Services Automobile Association purchased a new position in shares of iShares S&P 500 Value ETF during the second quarter valued at approximately $26,000.

iShares S&P 500 Value ETF Stock Performance

IVE opened at $236.60 on Thursday. The stock has a market cap of $50.01 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. The stock’s 50 day moving average price is $230.07 and its 200-day moving average price is $222.99. iShares S&P 500 Value ETF has a one year low of $200.52 and a one year high of $236.97.

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. 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.