Foundation Wealth Management LLC Sells 3,367 Shares of iShares S&P 500 Value ETF $IVE

Foundation Wealth Management LLC lessened its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 181,515 shares of the company’s stock after selling 3,367 shares during the quarter. iShares S&P 500 Value ETF comprises about 25.4% of Foundation Wealth Management LLC’s holdings, making the stock its 2nd biggest holding. Foundation Wealth Management LLC owned about 0.08% of iShares S&P 500 Value ETF worth $38,563,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Decker Retirement Planning Inc. acquired a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter worth about $26,000. United Services Automobile Association acquired a new stake in shares of iShares S&P 500 Value ETF during the second quarter worth about $26,000. Palisade Asset Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the third quarter worth about $29,000. Ransom Advisory Ltd acquired a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter worth about $31,000. Finally, Center for Financial Planning Inc. acquired a new stake in shares of iShares S&P 500 Value ETF during the third quarter worth about $32,000.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE opened at $220.89 on Friday. The stock has a market capitalization of $48.71 billion, a PE ratio of 20.70 and a beta of 0.85. iShares S&P 500 Value ETF has a 1 year low of $172.13 and a 1 year high of $223.05. The company’s 50-day simple moving average is $216.07 and its 200-day simple moving average is $213.22.

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. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.