iShares S&P 500 Value ETF $IVE is Financial Life Advisors’ 2nd Largest Position

Financial Life Advisors lowered its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 162,970 shares of the company’s stock after selling 3,992 shares during the period. iShares S&P 500 Value ETF accounts for about 10.5% of Financial Life Advisors’ holdings, making the stock its 2nd biggest position. Financial Life Advisors’ holdings in iShares S&P 500 Value ETF were worth $37,004,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of IVE. Simplex Trading LLC acquired a new position in shares of iShares S&P 500 Value ETF in the fourth quarter worth $25,000. RMG Wealth Management LLC acquired a new stake in iShares S&P 500 Value ETF during the first quarter valued at $27,000. Hilton Head Capital Partners LLC acquired a new stake in iShares S&P 500 Value ETF during the fourth quarter valued at $25,000. United Services Automobile Association purchased a new position in iShares S&P 500 Value ETF in the second quarter valued at about $26,000. Finally, Palisade Asset Management LLC purchased a new position in iShares S&P 500 Value ETF in the third quarter valued at about $29,000.

iShares S&P 500 Value ETF Price Performance

Shares of IVE stock opened at $236.53 on Tuesday. iShares S&P 500 Value ETF has a fifty-two week low of $201.22 and a fifty-two week high of $239.93. The stock’s 50-day moving average is $232.73 and its two-hundred day moving average is $224.69. The firm has a market cap of $49.99 billion, a P/E 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.