iShares S&P 500 Value ETF $IVE Stock Sold by Sound Income Strategies LLC

Sound Income Strategies LLC trimmed its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 48.5% in the third quarter, Holdings Channel reports. The institutional investor owned 4,414 shares of the company’s stock after selling 4,165 shares during the period. Sound Income Strategies LLC’s holdings in iShares S&P 500 Value ETF were worth $1,025,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in IVE. Focus Partners Wealth grew its holdings in shares of iShares S&P 500 Value ETF by 134.3% during the fourth quarter. Focus Partners Wealth now owns 1,225,078 shares of the company’s stock worth $259,801,000 after purchasing an additional 702,252 shares during the last quarter. MML Investors Services LLC boosted its position in shares of iShares S&P 500 Value ETF by 48.8% in the 4th quarter. MML Investors Services LLC now owns 2,103,532 shares of the company’s stock valued at $446,096,000 after purchasing an additional 689,967 shares during the period. Calamos Advisors LLC grew its stake in iShares S&P 500 Value ETF by 2,585.9% during the 1st quarter. Calamos Advisors LLC now owns 619,118 shares of the company’s stock worth $130,727,000 after buying an additional 596,067 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in iShares S&P 500 Value ETF during the 1st quarter worth approximately $92,702,000. Finally, Fifth Third Bancorp grew its stake in iShares S&P 500 Value ETF by 132.9% during the 1st quarter. Fifth Third Bancorp now owns 557,426 shares of the company’s stock worth $117,700,000 after buying an additional 318,135 shares during the last quarter.

iShares S&P 500 Value ETF Trading Up 0.4%

IVE stock opened at $233.02 on Friday. The company has a market capitalization of $49.33 billion, a P/E ratio of 20.70 and a beta of 0.83. The business has a 50 day simple moving average of $234.44 and a 200-day simple moving average of $227.75. iShares S&P 500 Value ETF has a twelve month low of $202.45 and a twelve month high of $239.93.

iShares S&P 500 Value ETF Company 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.