Wealth Alliance LLC trimmed its position in iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 9.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,006 shares of the company’s stock after selling 16,304 shares during the quarter. iShares S&P 500 Value ETF makes up 3.1% of Wealth Alliance LLC’s investment portfolio, making the stock its 4th largest position. Wealth Alliance LLC’s holdings in iShares S&P 500 Value ETF were worth $31,463,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Simplex Trading LLC purchased a new position in iShares S&P 500 Value ETF in the fourth quarter valued at $25,000. Hilton Head Capital Partners LLC acquired a new stake in iShares S&P 500 Value ETF in the fourth quarter valued at $25,000. Decker Retirement Planning Inc. purchased a new stake in iShares S&P 500 Value ETF during the 4th quarter worth about $26,000. United Services Automobile Association purchased a new stake in iShares S&P 500 Value ETF during the 2nd quarter worth about $26,000. Finally, RMG Wealth Management LLC purchased a new stake in iShares S&P 500 Value ETF during the 1st quarter worth about $27,000.
iShares S&P 500 Value ETF Stock Performance
NYSEARCA:IVE opened at $231.36 on Friday. The stock has a 50-day simple moving average of $228.16 and a 200-day simple moving average of $221.32. The stock has a market cap of $48.92 billion, a P/E ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 1 year low of $193.90 and a 1 year high of $233.57.
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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