Sunbelt Securities Inc. Sells 4,436 Shares of iShares S&P 500 Value ETF $IVE

Sunbelt Securities Inc. cut its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 9.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,751 shares of the company’s stock after selling 4,436 shares during the period. iShares S&P 500 Value ETF comprises approximately 0.6% of Sunbelt Securities Inc.’s holdings, making the stock its 29th largest position. Sunbelt Securities Inc.’s holdings in iShares S&P 500 Value ETF were worth $9,238,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in iShares S&P 500 Value ETF by 9.1% during the first quarter. EverSource Wealth Advisors LLC now owns 7,169 shares of the company’s stock valued at $1,514,000 after acquiring an additional 600 shares during the last quarter. Royal Bank of Canada boosted its position in iShares S&P 500 Value ETF by 3.6% in the first quarter. Royal Bank of Canada now owns 1,396,602 shares of the company’s stock worth $294,892,000 after purchasing an additional 48,869 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in iShares S&P 500 Value ETF in the first quarter worth about $92,702,000. Excelsior Advisor Network LLC grew its stake in shares of iShares S&P 500 Value ETF by 3.1% during the 1st quarter. Excelsior Advisor Network LLC now owns 5,655 shares of the company’s stock valued at $1,194,000 after purchasing an additional 168 shares during the period. Finally, Quantinno Capital Management LP increased its position in shares of iShares S&P 500 Value ETF by 25.6% during the 1st quarter. Quantinno Capital Management LP now owns 48,569 shares of the company’s stock valued at $10,255,000 after purchasing an additional 9,887 shares during the last quarter.

iShares S&P 500 Value ETF Stock Up 0.9%

NYSEARCA IVE opened at $234.42 on Wednesday. The company has a 50-day moving average price of $228.50 and a 200-day moving average price of $221.62. iShares S&P 500 Value ETF has a 52 week low of $193.90 and a 52 week high of $234.91. The firm has a market capitalization of $49.57 billion, a P/E ratio of 20.70 and a beta of 0.82.

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.