iShares S&P 500 Value ETF $IVE Shares Sold by Magnolia Capital Management Ltd.

Magnolia Capital Management Ltd. cut its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 11.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,460 shares of the company’s stock after selling 850 shares during the period. iShares S&P 500 Value ETF comprises approximately 1.0% of Magnolia Capital Management Ltd.’s investment portfolio, making the stock its 20th biggest holding. Magnolia Capital Management Ltd.’s holdings in iShares S&P 500 Value ETF were worth $1,262,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flow Traders U.S. LLC acquired a new position in iShares S&P 500 Value ETF during the first quarter valued at $7,724,000. Verdence Capital Advisors LLC acquired a new position in iShares S&P 500 Value ETF during the first quarter valued at $206,000. Geneos Wealth Management Inc. lifted its position in iShares S&P 500 Value ETF by 5.8% during the first quarter. Geneos Wealth Management Inc. now owns 45,091 shares of the company’s stock valued at $8,627,000 after purchasing an additional 2,477 shares during the period. Telos Capital Management Inc. lifted its position in iShares S&P 500 Value ETF by 5.9% during the first quarter. Telos Capital Management Inc. now owns 16,987 shares of the company’s stock valued at $3,237,000 after purchasing an additional 940 shares during the period. Finally, LVZ Inc. increased its holdings in iShares S&P 500 Value ETF by 2.0% in the second quarter. LVZ Inc. now owns 449,606 shares of the company’s stock valued at $87,862,000 after buying an additional 8,641 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

IVE opened at $207.89 on Wednesday. iShares S&P 500 Value ETF has a fifty-two week low of $165.45 and a fifty-two week high of $209.12. The company has a fifty day moving average of $202.65 and a two-hundred day moving average of $193.70. The stock has a market capitalization of $42.00 billion, a price-to-earnings ratio of 20.70 and a beta of 0.94.

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.