Summit Financial Wealth Advisors LLC Has $3.34 Million Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Summit Financial Wealth Advisors LLC decreased its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,123 shares of the company’s stock after selling 197 shares during the quarter. Summit Financial Wealth Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $3,343,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of IVE. Benjamin Edwards Inc. bought a new position in iShares S&P 500 Value ETF during the third quarter valued at $243,000. Quantinno Capital Management LP boosted its position in shares of iShares S&P 500 Value ETF by 68.6% during the 3rd quarter. Quantinno Capital Management LP now owns 12,280 shares of the company’s stock valued at $2,421,000 after acquiring an additional 4,998 shares during the last quarter. Executive Wealth Management LLC bought a new position in shares of iShares S&P 500 Value ETF in the 3rd quarter worth $509,000. Sunbelt Securities Inc. lifted its stake in iShares S&P 500 Value ETF by 6.3% during the third quarter. Sunbelt Securities Inc. now owns 41,448 shares of the company’s stock worth $8,172,000 after purchasing an additional 2,458 shares during the last quarter. Finally, Hobbs Group Advisors LLC bought a new position in shares of iShares S&P 500 Value ETF during the third quarter valued at about $40,000.

iShares S&P 500 Value ETF Trading Down 2.4 %

Shares of IVE stock traded down $4.40 during mid-day trading on Thursday, reaching $176.52. The stock had a trading volume of 159,777 shares, compared to its average volume of 638,670. The stock’s 50-day moving average price is $190.83 and its two-hundred day moving average price is $194.90. The firm has a market capitalization of $34.37 billion, a PE ratio of 21.80 and a beta of 0.94. iShares S&P 500 Value ETF has a 52-week low of $165.45 and a 52-week 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.