Phillips Financial Management LLC Sells 57,131 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Phillips Financial Management LLC trimmed its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 22.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 193,255 shares of the company’s stock after selling 57,131 shares during the period. iShares S&P 500 Value ETF accounts for 2.9% of Phillips Financial Management LLC’s investment portfolio, making the stock its 8th largest holding. Phillips Financial Management LLC’s holdings in iShares S&P 500 Value ETF were worth $36,888,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IVE. Assetmark Inc. grew its position in shares of iShares S&P 500 Value ETF by 16.9% during the third quarter. Assetmark Inc. now owns 857 shares of the company’s stock worth $169,000 after buying an additional 124 shares in the last quarter. Savvy Advisors Inc. boosted its position in iShares S&P 500 Value ETF by 5.2% during the 3rd quarter. Savvy Advisors Inc. now owns 2,726 shares of the company’s stock worth $537,000 after acquiring an additional 135 shares during the period. Aptus Capital Advisors LLC lifted its holdings in shares of iShares S&P 500 Value ETF by 3.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 10,114 shares of the company’s stock valued at $1,994,000 after buying an additional 373 shares during the last quarter. Empower Advisory Group LLC lifted its holdings in shares of iShares S&P 500 Value ETF by 8.6% during the third quarter. Empower Advisory Group LLC now owns 3,463 shares of the company’s stock worth $683,000 after buying an additional 273 shares during the last quarter. Finally, Encompass Wealth Advisors LLC raised its stake in shares of iShares S&P 500 Value ETF by 0.3% in the third quarter. Encompass Wealth Advisors LLC now owns 150,299 shares of the company’s stock valued at $29,635,000 after purchasing an additional 463 shares in the last quarter.

iShares S&P 500 Value ETF Stock Down 0.5 %

iShares S&P 500 Value ETF stock opened at $187.35 on Thursday. The business’s 50-day simple moving average is $194.41 and its 200 day simple moving average is $196.29. The stock has a market cap of $36.39 billion, a price-to-earnings ratio of 22.06 and a beta of 0.94. iShares S&P 500 Value ETF has a 12-month low of $176.09 and a 12-month high of $206.63.

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.