Sterling Investment Counsel LLC Sells 464 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Sterling Investment Counsel LLC reduced its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 4.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,550 shares of the company’s stock after selling 464 shares during the period. iShares S&P 500 Value ETF accounts for about 0.7% of Sterling Investment Counsel LLC’s investment portfolio, making the stock its 28th biggest position. Sterling Investment Counsel LLC’s holdings in iShares S&P 500 Value ETF were worth $2,080,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC purchased a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter worth approximately $251,000. Northwest Investment Counselors LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the 1st quarter worth $29,000. Dynamic Advisor Solutions LLC boosted its position in shares of iShares S&P 500 Value ETF by 1.8% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 7,436 shares of the company’s stock worth $1,389,000 after purchasing an additional 131 shares in the last quarter. Brookstone Capital Management raised its stake in iShares S&P 500 Value ETF by 89.3% in the 1st quarter. Brookstone Capital Management now owns 68,694 shares of the company’s stock worth $12,833,000 after acquiring an additional 32,413 shares during the last quarter. Finally, Sovereign Financial Group Inc. purchased a new position in iShares S&P 500 Value ETF in the 1st quarter worth $855,000.

iShares S&P 500 Value ETF Trading Down 0.3 %

Shares of NYSEARCA IVE traded down $0.55 during trading on Wednesday, reaching $197.97. 71,461 shares of the company traded hands, compared to its average volume of 681,662. The firm’s fifty day simple moving average is $195.14 and its 200 day simple moving average is $187.47. The stock has a market cap of $35.47 billion, a P/E ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 12-month low of $147.23 and a 12-month high of $201.08.

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.