Summit Asset Management LLC Decreases Stock Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Summit Asset Management LLC trimmed its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,495 shares of the company’s stock after selling 251 shares during the quarter. Summit Asset Management LLC’s holdings in iShares S&P 500 Value ETF were worth $858,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IVE. LexAurum Advisors LLC increased its position in iShares S&P 500 Value ETF by 47.2% in the fourth quarter. LexAurum Advisors LLC now owns 3,846 shares of the company’s stock worth $734,000 after buying an additional 1,233 shares during the last quarter. Financial Synergies Wealth Advisors Inc. increased its position in iShares S&P 500 Value ETF by 0.6% in the fourth quarter. Financial Synergies Wealth Advisors Inc. now owns 28,709 shares of the company’s stock worth $5,480,000 after buying an additional 160 shares during the last quarter. DAVENPORT & Co LLC increased its position in iShares S&P 500 Value ETF by 10.9% in the fourth quarter. DAVENPORT & Co LLC now owns 3,783 shares of the company’s stock worth $722,000 after buying an additional 372 shares during the last quarter. Equitable Trust Co. purchased a new stake in iShares S&P 500 Value ETF in the fourth quarter worth $5,806,000. Finally, EP Wealth Advisors LLC increased its position in iShares S&P 500 Value ETF by 3.6% in the third quarter. EP Wealth Advisors LLC now owns 40,055 shares of the company’s stock worth $7,898,000 after buying an additional 1,387 shares during the last quarter.

iShares S&P 500 Value ETF Price Performance

NYSEARCA:IVE opened at $196.39 on Friday. The business has a fifty day simple moving average of $194.14 and a two-hundred day simple moving average of $195.85. iShares S&P 500 Value ETF has a 1 year low of $176.09 and a 1 year high of $206.63. The company has a market capitalization of $35.82 billion, a P/E ratio of 22.47 and a beta of 0.95.

iShares S&P 500 Value ETF 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.