Avestar Capital LLC lowered its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 1.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 35,301 shares of the company’s stock after selling 534 shares during the quarter. Avestar Capital LLC’s holdings in iShares S&P 500 Value ETF were worth $6,960,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Northwest Investment Counselors LLC bought a new stake in iShares S&P 500 Value ETF in the third quarter worth about $31,000. Valued Wealth Advisors LLC bought a new stake in shares of iShares S&P 500 Value ETF in the 3rd quarter worth approximately $35,000. Addison Advisors LLC lifted its stake in iShares S&P 500 Value ETF by 50.0% during the second quarter. Addison Advisors LLC now owns 279 shares of the company’s stock valued at $51,000 after purchasing an additional 93 shares during the last quarter. Colony Family Offices LLC boosted its holdings in iShares S&P 500 Value ETF by 77.3% during the third quarter. Colony Family Offices LLC now owns 273 shares of the company’s stock worth $54,000 after buying an additional 119 shares in the last quarter. Finally, TruNorth Capital Management LLC acquired a new position in iShares S&P 500 Value ETF in the second quarter worth approximately $65,000.
iShares S&P 500 Value ETF Stock Performance
Shares of NYSEARCA:IVE opened at $205.20 on Tuesday. The company has a market capitalization of $36.76 billion, a PE ratio of 23.79 and a beta of 0.81. The stock has a fifty day moving average of $198.20 and a 200-day moving average of $190.68. iShares S&P 500 Value ETF has a one year low of $163.68 and a one year high of $205.87.
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.
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