Quadrant Private Wealth Management LLC decreased its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 3.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 70,489 shares of the company’s stock after selling 2,518 shares during the period. iShares S&P 500 Value ETF makes up approximately 2.3% of Quadrant Private Wealth Management LLC’s portfolio, making the stock its 4th biggest position. Quadrant Private Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $14,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IVE. Simplex Trading LLC purchased a new position in shares of iShares S&P 500 Value ETF during the 4th quarter worth about $25,000. Hilton Head Capital Partners LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter worth approximately $25,000. Decker Retirement Planning Inc. purchased a new stake in iShares S&P 500 Value ETF in the fourth quarter valued at approximately $26,000. United Services Automobile Association purchased a new stake in iShares S&P 500 Value ETF in the second quarter valued at approximately $26,000. Finally, Palisade Asset Management LLC acquired a new position in iShares S&P 500 Value ETF during the third quarter worth approximately $29,000.
iShares S&P 500 Value ETF Stock Performance
Shares of IVE stock opened at $231.15 on Friday. The firm has a market capitalization of $48.88 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a one year low of $193.90 and a one year high of $233.58. The company has a 50 day moving average price of $227.57 and a 200 day moving average price of $220.70.
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.
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Want to see what other hedge funds are holding IVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report).
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