Sovereign Financial Group Inc. trimmed its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 19.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,601 shares of the company’s stock after selling 2,722 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares S&P 500 Value ETF were worth $2,450,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Simplex Trading LLC purchased a new position in iShares S&P 500 Value ETF in the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter valued at about $25,000. Decker Retirement Planning Inc. purchased a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter worth about $26,000. United Services Automobile Association purchased a new stake in shares of iShares S&P 500 Value ETF during the second quarter worth about $26,000. Finally, Palisade Asset Management LLC acquired a new position in shares of iShares S&P 500 Value ETF in the third quarter worth about $29,000.
iShares S&P 500 Value ETF Stock Performance
Shares of IVE opened at $226.83 on Tuesday. The company has a market capitalization of $50.08 billion, a P/E ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a one year low of $189.67 and a one year high of $230.05. The stock has a 50-day moving average price of $224.34 and a 200 day moving average price of $218.56.
iShares S&P 500 Value ETF Company 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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