Kovack Advisors Inc. Sells 160 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Kovack Advisors Inc. cut its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 8.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,713 shares of the company’s stock after selling 160 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares S&P 500 Value ETF were worth $338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. CGN Advisors LLC increased its position in shares of iShares S&P 500 Value ETF by 3.0% during the 2nd quarter. CGN Advisors LLC now owns 1,860 shares of the company’s stock valued at $339,000 after purchasing an additional 55 shares during the last quarter. Capital Square LLC raised its stake in shares of iShares S&P 500 Value ETF by 1.3% during the second quarter. Capital Square LLC now owns 4,339 shares of the company’s stock worth $816,000 after acquiring an additional 55 shares in the last quarter. HighMark Wealth Management LLC raised its stake in shares of iShares S&P 500 Value ETF by 0.7% during the second quarter. HighMark Wealth Management LLC now owns 8,208 shares of the company’s stock worth $1,494,000 after acquiring an additional 56 shares in the last quarter. GDS Wealth Management lifted its holdings in shares of iShares S&P 500 Value ETF by 3.3% in the 3rd quarter. GDS Wealth Management now owns 1,765 shares of the company’s stock worth $348,000 after acquiring an additional 56 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC grew its holdings in shares of iShares S&P 500 Value ETF by 0.8% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 7,025 shares of the company’s stock valued at $1,279,000 after purchasing an additional 57 shares during the last quarter.

iShares S&P 500 Value ETF Stock Down 0.3 %

Shares of NYSEARCA:IVE opened at $199.51 on Friday. The company’s fifty day moving average is $197.03 and its 200 day moving average is $189.54. iShares S&P 500 Value ETF has a 52 week low of $161.43 and a 52 week high of $203.67. The stock has a market cap of $35.74 billion, a PE ratio of 23.79 and a beta of 0.81.

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.