iShares S&P 500 Value ETF $IVE Shares Sold by Mcmorgan & Co. LLC

Mcmorgan & Co. LLC cut its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 4.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 75,006 shares of the company’s stock after selling 3,112 shares during the quarter. iShares S&P 500 Value ETF accounts for about 2.6% of Mcmorgan & Co. LLC’s investment portfolio, making the stock its 12th biggest holding. Mcmorgan & Co. LLC’s holdings in iShares S&P 500 Value ETF were worth $17,031,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in IVE. Simplex Trading LLC purchased a new position in iShares S&P 500 Value ETF in the 4th quarter worth $25,000. Hilton Head Capital Partners LLC purchased a new stake in iShares S&P 500 Value ETF during the 4th quarter valued at about $25,000. United Services Automobile Association purchased a new stake in iShares S&P 500 Value ETF during the 2nd quarter valued at about $26,000. RMG Wealth Management LLC acquired a new position in shares of iShares S&P 500 Value ETF in the first quarter valued at about $27,000. Finally, Palisade Asset Management LLC acquired a new position in shares of iShares S&P 500 Value ETF in the third quarter valued at about $29,000.

iShares S&P 500 Value ETF Stock Up 0.1%

Shares of NYSEARCA:IVE opened at $237.29 on Friday. iShares S&P 500 Value ETF has a 52-week low of $201.22 and a 52-week high of $239.93. The stock has a market cap of $50.15 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. The business has a 50-day moving average price of $232.54 and a 200-day moving average price of $224.57.

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.