Mutual Advisors LLC Cuts Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Mutual Advisors LLC trimmed its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 12.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 44,598 shares of the company’s stock after selling 6,168 shares during the quarter. Mutual Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $8,599,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in IVE. Janney Montgomery Scott LLC boosted its position in iShares S&P 500 Value ETF by 2.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 668,923 shares of the company’s stock valued at $127,684,000 after buying an additional 15,407 shares during the period. Sharp Financial Services LLC purchased a new stake in iShares S&P 500 Value ETF during the 4th quarter valued at about $4,259,000. Park Place Capital Corp grew its position in iShares S&P 500 Value ETF by 1.1% during the 4th quarter. Park Place Capital Corp now owns 22,264 shares of the company’s stock worth $4,250,000 after acquiring an additional 239 shares during the last quarter. Magnus Financial Group LLC increased its stake in iShares S&P 500 Value ETF by 18.9% in the 4th quarter. Magnus Financial Group LLC now owns 14,768 shares of the company’s stock worth $2,819,000 after purchasing an additional 2,352 shares during the period. Finally, Daymark Wealth Partners LLC lifted its position in iShares S&P 500 Value ETF by 0.3% in the fourth quarter. Daymark Wealth Partners LLC now owns 36,412 shares of the company’s stock valued at $6,950,000 after purchasing an additional 102 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of iShares S&P 500 Value ETF stock opened at $195.41 on Thursday. The company’s 50 day moving average price is $196.65 and its 200-day moving average price is $194.33. iShares S&P 500 Value ETF has a 52-week low of $172.85 and a 52-week high of $206.63. The stock has a market capitalization of $35.01 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

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.