Simplicity Wealth LLC Trims Stake in iShares S&P 500 Value ETF $IVE

Simplicity Wealth LLC cut its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 47.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,118 shares of the company’s stock after selling 22,724 shares during the quarter. Simplicity Wealth LLC’s holdings in iShares S&P 500 Value ETF were worth $5,187,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in IVE. United Services Automobile Association purchased a new position in shares of iShares S&P 500 Value ETF in the second quarter worth $26,000. Harbor Asset Planning Inc. bought a new stake in shares of iShares S&P 500 Value ETF during the second quarter valued at approximately $30,000. Tripletail Wealth Management LLC purchased a new position in iShares S&P 500 Value ETF during the third quarter valued at $37,000. Compagnie Lombard Odier SCmA bought a new stake in iShares S&P 500 Value ETF in the 2nd quarter valued at $47,000. Finally, Morgan Dempsey Capital Management LLC bought a new stake in iShares S&P 500 Value ETF in the 2nd quarter valued at $55,000.

iShares S&P 500 Value ETF Stock Up 1.4%

IVE stock opened at $216.62 on Thursday. The firm has a market capitalization of $48.91 billion, a P/E ratio of 20.70 and a beta of 0.89. iShares S&P 500 Value ETF has a 52 week low of $165.45 and a 52 week high of $218.44. The company has a fifty day simple moving average of $212.54 and a two-hundred day simple moving average of $206.57.

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. 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.