Brave Asset Management Inc. Sells 116,158 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Brave Asset Management Inc. decreased its position in iShares S&P 500 Value ETF (NYSEARCA:IVEGet 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

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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.

Further Reading

Want to see what other hedge funds are holding IVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P 500 Value ETF (NYSEARCA:IVEGet Rating).

Institutional Ownership by Quarter for iShares S&P 500 Value ETF (NYSEARCA:IVE)

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