iShares S&P 500 Value ETF (NYSEARCA:IVE) Holdings Cut by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC lessened its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 9.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 101,868 shares of the company’s stock after selling 10,466 shares during the period. iShares S&P 500 Value ETF accounts for approximately 4.5% of Independent Solutions Wealth Management LLC’s investment portfolio, making the stock its biggest position. Independent Solutions Wealth Management LLC owned approximately 0.06% of iShares S&P 500 Value ETF worth $20,085,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Northwest Investment Counselors LLC purchased a new position in iShares S&P 500 Value ETF during the third quarter worth approximately $31,000. Valued Wealth Advisors LLC purchased a new stake in iShares S&P 500 Value ETF in the third quarter valued at $35,000. Copley Financial Group Inc. acquired a new position in iShares S&P 500 Value ETF in the third quarter valued at about $36,000. Hobbs Group Advisors LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the third quarter valued at about $40,000. Finally, Addison Advisors LLC raised its stake in shares of iShares S&P 500 Value ETF by 50.0% in 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 period.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE traded up $0.32 during mid-day trading on Thursday, hitting $190.49. 656,541 shares of the company’s stock were exchanged, compared to its average volume of 656,955. The stock’s 50-day moving average is $199.83 and its 200-day moving average is $192.64. iShares S&P 500 Value ETF has a fifty-two week low of $170.13 and a fifty-two week high of $206.63. The company has a market cap of $34.13 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

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.