Brave Asset Management Inc. decreased its position in iShares S&P 500 Value ETF (NYSEARCA:IVE – Get Rating) by 85.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 20,031 shares of the company’s stock after selling 116,158 shares during the quarter. iShares S&P 500 Value ETF comprises approximately 1.2% of Brave Asset Management Inc.’s portfolio, making the stock its 17th largest holding. Brave Asset Management Inc.’s holdings in iShares S&P 500 Value ETF were worth $2,753,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Perkins Coie Trust Co bought a new position in iShares S&P 500 Value ETF during the first quarter valued at about $30,000. Aptus Capital Advisors LLC purchased a new stake in shares of iShares S&P 500 Value ETF in the first quarter worth about $36,000. Rise Advisors LLC purchased a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter worth about $37,000. Fortitude Advisory Group L.L.C. lifted its holdings in shares of iShares S&P 500 Value ETF by 220.7% in the first quarter. Fortitude Advisory Group L.L.C. now owns 279 shares of the company’s stock worth $43,000 after buying an additional 192 shares in the last quarter. Finally, Dravo Bay LLC bought a new position in shares of iShares S&P 500 Value ETF in the first quarter worth approximately $45,000.
iShares S&P 500 Value ETF Stock Down 2.4 %
Shares of IVE stock traded down $3.20 during trading on Friday, hitting $132.28. The company had a trading volume of 46,294 shares, compared to its average volume of 1,258,969. iShares S&P 500 Value ETF has a 52 week low of $132.18 and a 52 week high of $160.38. The stock’s 50-day moving average is $143.65 and its two-hundred day moving average is $146.32.
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.
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