Private Advisor Group LLC Cuts Holdings in iShares S&P 500 Value ETF $IVE

Private Advisor Group LLC cut its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,954 shares of the company’s stock after selling 11,636 shares during the quarter. Private Advisor Group LLC owned 0.13% of iShares S&P 500 Value ETF worth $56,368,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. United Services Automobile Association acquired a new position in shares of iShares S&P 500 Value ETF during the 2nd quarter worth $26,000. Center for Financial Planning Inc. acquired a new position in iShares S&P 500 Value ETF during the third quarter worth about $32,000. Tripletail Wealth Management LLC purchased a new position in iShares S&P 500 Value ETF in the third quarter valued at about $37,000. Rossmore Private Capital acquired a new stake in shares of iShares S&P 500 Value ETF during the 3rd quarter valued at approximately $44,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the 3rd quarter worth approximately $45,000.

iShares S&P 500 Value ETF Price Performance

NYSEARCA IVE opened at $216.24 on Monday. The business has a 50 day moving average price of $218.11 and a 200 day moving average price of $211.36. The company has a market capitalization of $48.85 billion, a P/E ratio of 20.70 and a beta of 0.89. iShares S&P 500 Value ETF has a 1-year low of $165.45 and a 1-year high of $223.05.

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.