Beacon Financial Group Sells 418 Shares of iShares S&P 500 Value ETF $IVE

Beacon Financial Group trimmed its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 7.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,889 shares of the company’s stock after selling 418 shares during the period. Beacon Financial Group’s holdings in iShares S&P 500 Value ETF were worth $955,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Realta Investment Advisors increased its position in shares of iShares S&P 500 Value ETF by 4.4% in the first quarter. Realta Investment Advisors now owns 1,380 shares of the company’s stock valued at $263,000 after acquiring an additional 58 shares during the last quarter. Graney & King LLC increased its position in shares of iShares S&P 500 Value ETF by 22.5% in the first quarter. Graney & King LLC now owns 316 shares of the company’s stock valued at $60,000 after acquiring an additional 58 shares during the last quarter. Harbor Investment Advisory LLC increased its position in shares of iShares S&P 500 Value ETF by 0.3% in the second quarter. Harbor Investment Advisory LLC now owns 20,113 shares of the company’s stock valued at $3,930,000 after acquiring an additional 59 shares during the last quarter. Country Club Bank increased its position in shares of iShares S&P 500 Value ETF by 1.1% in the first quarter. Country Club Bank now owns 5,723 shares of the company’s stock valued at $1,080,000 after acquiring an additional 60 shares during the last quarter. Finally, Confluence Wealth Services Inc. increased its position in shares of iShares S&P 500 Value ETF by 2.5% in the first quarter. Confluence Wealth Services Inc. now owns 2,555 shares of the company’s stock valued at $459,000 after acquiring an additional 62 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA:IVE opened at $202.91 on Wednesday. The stock’s 50-day simple moving average is $200.43 and its 200 day simple moving average is $192.13. The company has a market cap of $40.73 billion, a P/E ratio of 20.70 and a beta of 0.94. iShares S&P 500 Value ETF has a 52-week low of $165.45 and a 52-week high of $206.63.

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.