Signal Advisors Wealth LLC Sells 2,922 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Signal Advisors Wealth LLC lessened its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 32.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,117 shares of the company’s stock after selling 2,922 shares during the period. Signal Advisors Wealth LLC’s holdings in iShares S&P 500 Value ETF were worth $1,166,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in IVE. Raymond James Financial Inc. purchased a new stake in iShares S&P 500 Value ETF in the 4th quarter worth about $311,273,000. Envestnet Asset Management Inc. boosted its position in iShares S&P 500 Value ETF by 3.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 13,435,769 shares of the company’s stock worth $2,564,620,000 after purchasing an additional 493,784 shares during the period. GAMMA Investing LLC boosted its position in iShares S&P 500 Value ETF by 18,958.0% during the first quarter. GAMMA Investing LLC now owns 477,975 shares of the company’s stock worth $91,092,000 after purchasing an additional 475,467 shares during the period. Lido Advisors LLC increased its stake in shares of iShares S&P 500 Value ETF by 46.5% in the fourth quarter. Lido Advisors LLC now owns 1,414,358 shares of the company’s stock worth $269,973,000 after purchasing an additional 448,773 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter valued at approximately $41,692,000.

iShares S&P 500 Value ETF Trading Up 0.8%

Shares of IVE stock opened at $191.34 on Friday. The firm’s 50 day moving average is $183.77 and its 200 day moving average is $191.16. The stock has a market capitalization of $38.17 billion, a P/E ratio of 20.88 and a beta of 0.89. iShares S&P 500 Value ETF has a 12 month low of $165.45 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.