Klaas Financial Asset Advisors LLC Reduces Stock Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Klaas Financial Asset Advisors LLC lessened its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,584 shares of the company’s stock after selling 517 shares during the quarter. iShares S&P 500 Value ETF makes up approximately 0.3% of Klaas Financial Asset Advisors LLC’s holdings, making the stock its 28th largest holding. Klaas Financial Asset Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $1,693,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IVE. Palisade Asset Management LLC purchased a new stake in iShares S&P 500 Value ETF during the 1st quarter worth about $26,000. CarsonAllaria Wealth Management Ltd. grew its holdings in iShares S&P 500 Value ETF by 289.5% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 148 shares of the company’s stock valued at $28,000 after buying an additional 110 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of iShares S&P 500 Value ETF during the 3rd quarter valued at about $31,000. Addison Advisors LLC increased its stake in shares of iShares S&P 500 Value ETF by 50.0% during the 2nd quarter. Addison Advisors LLC now owns 279 shares of the company’s stock valued at $51,000 after acquiring an additional 93 shares during the last quarter. Finally, TruNorth Capital Management LLC acquired a new position in shares of iShares S&P 500 Value ETF during the 2nd quarter valued at about $65,000.

iShares S&P 500 Value ETF Price Performance

NYSEARCA IVE opened at $197.79 on Friday. iShares S&P 500 Value ETF has a 12 month low of $147.23 and a 12 month high of $201.08. The company has a 50-day moving average of $195.36 and a 200-day moving average of $187.54. The company has a market cap of $35.43 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.