KMG Fiduciary Partners LLC cut its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 96.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,343 shares of the company’s stock after selling 34,490 shares during the period. KMG Fiduciary Partners LLC’s holdings in iShares S&P 500 Value ETF were worth $305,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in IVE. Simplex Trading LLC bought a new position in iShares S&P 500 Value ETF in the 4th quarter valued at $25,000. Hilton Head Capital Partners LLC acquired a new position in shares of iShares S&P 500 Value ETF during the 4th quarter worth about $25,000. Decker Retirement Planning Inc. acquired a new position in iShares S&P 500 Value ETF during the fourth quarter valued at approximately $26,000. United Services Automobile Association acquired a new position in shares of iShares S&P 500 Value ETF in the 2nd quarter valued at $26,000. Finally, RMG Wealth Management LLC bought a new stake in shares of iShares S&P 500 Value ETF in the first quarter worth about $27,000.
iShares S&P 500 Value ETF Stock Performance
NYSEARCA IVE opened at $236.37 on Wednesday. The business has a 50 day simple moving average of $229.88 and a 200 day simple moving average of $222.85. iShares S&P 500 Value ETF has a 52-week low of $198.90 and a 52-week high of $236.97. The stock has a market cap of $49.96 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82.
About iShares S&P 500 Value ETF
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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