Seven Mile Advisory Sells 3,126 Shares of iShares S&P 500 Value ETF $IVE

Seven Mile Advisory cut its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 36.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,397 shares of the company’s stock after selling 3,126 shares during the period. Seven Mile Advisory’s holdings in iShares S&P 500 Value ETF were worth $1,145,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Simplex Trading LLC bought a new position in shares of iShares S&P 500 Value ETF in the fourth quarter worth about $25,000. Hilton Head Capital Partners LLC purchased a new stake in iShares S&P 500 Value ETF in the fourth quarter worth about $25,000. Decker Retirement Planning Inc. purchased a new stake in iShares S&P 500 Value ETF in the fourth quarter worth about $26,000. United Services Automobile Association purchased a new stake in iShares S&P 500 Value ETF in the second quarter worth about $26,000. Finally, Palisade Asset Management LLC purchased a new stake in iShares S&P 500 Value ETF in the third quarter worth about $29,000.

iShares S&P 500 Value ETF Price Performance

NYSEARCA:IVE opened at $228.73 on Monday. iShares S&P 500 Value ETF has a 1-year low of $189.66 and a 1-year high of $229.53. The company has a 50-day moving average of $222.71 and a 200 day moving average of $217.88. The firm has a market cap of $50.50 billion, a PE ratio of 20.70 and a beta of 0.82.

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. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.