Valmark Advisers Inc. Trims Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Valmark Advisers Inc. trimmed its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 312,314 shares of the company’s stock after selling 9,866 shares during the period. iShares S&P 500 Value ETF comprises 0.9% of Valmark Advisers Inc.’s investment portfolio, making the stock its 24th biggest holding. Valmark Advisers Inc.’s holdings in iShares S&P 500 Value ETF were worth $59,614,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in IVE. Chesapeake Wealth Management increased its stake in iShares S&P 500 Value ETF by 3.8% during the 3rd quarter. Chesapeake Wealth Management now owns 1,382 shares of the company’s stock worth $272,000 after buying an additional 50 shares during the period. West Coast Financial LLC increased its stake in iShares S&P 500 Value ETF by 0.3% during the 4th quarter. West Coast Financial LLC now owns 16,432 shares of the company’s stock worth $3,137,000 after buying an additional 53 shares during the period. SWP Financial LLC increased its stake in iShares S&P 500 Value ETF by 0.4% during the 4th quarter. SWP Financial LLC now owns 12,799 shares of the company’s stock worth $2,443,000 after buying an additional 54 shares during the period. GDS Wealth Management increased its stake in iShares S&P 500 Value ETF by 3.3% during the 3rd quarter. GDS Wealth Management now owns 1,765 shares of the company’s stock worth $348,000 after buying an additional 56 shares during the period. Finally, Roble Belko & Company Inc increased its stake in iShares S&P 500 Value ETF by 0.5% during the 4th quarter. Roble Belko & Company Inc now owns 11,238 shares of the company’s stock worth $2,145,000 after buying an additional 57 shares during the period.

iShares S&P 500 Value ETF Stock Down 0.2 %

Shares of IVE opened at $196.62 on Friday. iShares S&P 500 Value ETF has a fifty-two week low of $175.71 and a fifty-two week high of $206.63. The firm’s 50 day moving average price is $194.31 and its 200 day moving average price is $195.46. The company has a market cap of $35.22 billion, a P/E ratio of 23.79 and a beta of 0.81.

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.