Valmark Advisers Inc. Sells 15,544 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Valmark Advisers Inc. trimmed its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 4.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 353,496 shares of the company’s stock after selling 15,544 shares during the period. iShares S&P 500 Value ETF makes up approximately 1.2% of Valmark Advisers Inc.’s portfolio, making the stock its 22nd biggest position. Valmark Advisers Inc.’s holdings in iShares S&P 500 Value ETF were worth $61,469,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IVE. Peoples Bank KS bought a new stake in iShares S&P 500 Value ETF in the 3rd quarter valued at about $25,000. Allspring Global Investments Holdings LLC increased its position in iShares S&P 500 Value ETF by 700.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 160 shares of the company’s stock valued at $25,000 after buying an additional 140 shares in the last quarter. First Pacific Financial bought a new stake in iShares S&P 500 Value ETF in the 4th quarter valued at about $30,000. Sound Income Strategies LLC bought a new stake in iShares S&P 500 Value ETF in the 4th quarter valued at about $35,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in iShares S&P 500 Value ETF in the 4th quarter valued at about $35,000.

iShares S&P 500 Value ETF Trading Down 0.2 %

iShares S&P 500 Value ETF stock traded down $0.30 during midday trading on Friday, reaching $180.15. The stock had a trading volume of 440,677 shares, compared to its average volume of 961,049. iShares S&P 500 Value ETF has a 12 month low of $147.23 and a 12 month high of $187.24. The company has a market capitalization of $32.27 billion, a P/E ratio of 23.38 and a beta of 0.84. The company has a fifty day moving average price of $181.38 and a two-hundred day moving average price of $171.79.

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.