Beacon Pointe Advisors LLC Sells 127 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Beacon Pointe Advisors LLC reduced its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 83,547 shares of the company’s stock after selling 127 shares during the period. Beacon Pointe Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $15,947,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of IVE. Thurston Springer Miller Herd & Titak Inc. grew its holdings in iShares S&P 500 Value ETF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the company’s stock worth $29,000 after acquiring an additional 76 shares during the period. Kentucky Trust Co bought a new position in iShares S&P 500 Value ETF in the 4th quarter valued at about $29,000. Providence First Trust Co purchased a new position in shares of iShares S&P 500 Value ETF in the 4th quarter worth approximately $31,000. Centricity Wealth Management LLC bought a new position in shares of iShares S&P 500 Value ETF in the fourth quarter valued at approximately $34,000. Finally, Perkins Coie Trust Co purchased a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter valued at approximately $35,000.

iShares S&P 500 Value ETF Trading Up 0.4 %

IVE stock opened at $182.50 on Tuesday. The stock has a market cap of $35.82 billion, a P/E ratio of 20.32 and a beta of 0.88. The stock’s fifty day simple moving average is $186.25 and its two-hundred day simple moving average is $193.28. iShares S&P 500 Value ETF has a 1-year low of $165.45 and a 1-year 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.