IFP Advisors Inc Reduces Stock Position in iShares S&P 500 Value ETF $IVE

IFP Advisors Inc cut its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 148,739 shares of the company’s stock after selling 4,004 shares during the period. IFP Advisors Inc owned about 0.07% of iShares S&P 500 Value ETF worth $33,773,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Interchange Capital Partners LLC lifted its holdings in shares of iShares S&P 500 Value ETF by 21.8% in the 2nd quarter. Interchange Capital Partners LLC now owns 14,041 shares of the company’s stock valued at $3,188,000 after acquiring an additional 2,515 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in iShares S&P 500 Value ETF by 11.5% in the second quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 174,363 shares of the company’s stock worth $39,591,000 after acquiring an additional 18,043 shares in the last quarter. Thomasville National Bank bought a new stake in iShares S&P 500 Value ETF during the second quarter worth approximately $908,000. Arcadia Wealth Management LLC increased its stake in iShares S&P 500 Value ETF by 57.5% during the second quarter. Arcadia Wealth Management LLC now owns 7,552 shares of the company’s stock worth $1,715,000 after acquiring an additional 2,757 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in iShares S&P 500 Value ETF by 1.2% during the second quarter. Venturi Wealth Management LLC now owns 20,622 shares of the company’s stock valued at $4,682,000 after purchasing an additional 242 shares during the period.

iShares S&P 500 Value ETF Price Performance

Shares of IVE stock opened at $236.60 on Thursday. The company has a market cap of $50.01 billion, a PE ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 1 year low of $200.52 and a 1 year high of $236.97. The stock’s 50 day simple moving average is $230.07 and its two-hundred day simple moving average is $222.99.

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.