BKM Wealth Management LLC trimmed its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,429 shares of the company’s stock after selling 360 shares during the period. iShares S&P 500 Value ETF accounts for 4.8% of BKM Wealth Management LLC’s holdings, making the stock its 2nd largest position. BKM Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $12,395,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in IVE. Cloud Capital Management LLC bought a new position in iShares S&P 500 Value ETF in the first quarter valued at approximately $27,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in iShares S&P 500 Value ETF in the first quarter valued at approximately $29,000. Harbor Asset Planning Inc. bought a new position in iShares S&P 500 Value ETF in the second quarter valued at approximately $30,000. Nemes Rush Group LLC increased its stake in iShares S&P 500 Value ETF by 625.0% in the first quarter. Nemes Rush Group LLC now owns 174 shares of the company’s stock valued at $33,000 after acquiring an additional 150 shares during the last quarter. Finally, Flaharty Asset Management LLC bought a new position in iShares S&P 500 Value ETF in the first quarter valued at approximately $33,000.
iShares S&P 500 Value ETF Price Performance
Shares of NYSEARCA:IVE opened at $206.01 on Friday. The company’s 50 day simple moving average is $204.05 and its 200 day simple moving average is $194.51. The stock has a market capitalization of $41.66 billion, a price-to-earnings ratio of 20.70 and a beta of 0.94. iShares S&P 500 Value ETF has a 1 year low of $165.45 and a 1 year high of $209.12.
About iShares S&P 500 Value ETF
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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