Ballast Advisors LLC Reduces Stake in iShares S&P 500 Value ETF $IVE

Ballast Advisors LLC lessened its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 30.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 347 shares of the company’s stock after selling 150 shares during the period. Ballast Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $68,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Flow Traders U.S. LLC purchased a new stake in shares of iShares S&P 500 Value ETF in the first quarter valued at approximately $7,724,000. Verdence Capital Advisors LLC acquired a new position in shares of iShares S&P 500 Value ETF during the first quarter worth $206,000. Geneos Wealth Management Inc. increased its position in shares of iShares S&P 500 Value ETF by 5.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 45,091 shares of the company’s stock valued at $8,627,000 after acquiring an additional 2,477 shares during the period. Telos Capital Management Inc. increased its position in shares of iShares S&P 500 Value ETF by 5.9% in the 1st quarter. Telos Capital Management Inc. now owns 16,987 shares of the company’s stock valued at $3,237,000 after acquiring an additional 940 shares during the period. Finally, LVZ Inc. boosted its holdings in iShares S&P 500 Value ETF by 2.0% in the second quarter. LVZ Inc. now owns 449,606 shares of the company’s stock valued at $87,862,000 after purchasing an additional 8,641 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA:IVE opened at $209.86 on Friday. The firm’s fifty day moving average is $204.84 and its two-hundred day moving average is $195.77. iShares S&P 500 Value ETF has a one year low of $165.45 and a one year high of $210.37. The firm has a market cap of $42.59 billion, a price-to-earnings ratio of 20.70 and a beta of 0.94.

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.