Scarborough Advisors LLC Has $15.61 Million Stock Position in iShares S&P 500 Value ETF $IVE

Scarborough Advisors LLC lowered its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 25.4% during the second quarter, HoldingsChannel reports. The firm owned 68,244 shares of the company’s stock after selling 23,295 shares during the quarter. iShares S&P 500 Value ETF makes up 1.8% of Scarborough Advisors LLC’s investment portfolio, making the stock its 13th largest position. Scarborough Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $15,609,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Novem Group grew its position in shares of iShares S&P 500 Value ETF by 28.3% in the 2nd quarter. Novem Group now owns 1,329 shares of the company’s stock valued at $302,000 after acquiring an additional 293 shares during the period. High Point Wealth Management LLC raised its holdings in shares of iShares S&P 500 Value ETF by 3.4% in the 2nd quarter. High Point Wealth Management LLC now owns 10,047 shares of the company’s stock valued at $2,281,000 after purchasing an additional 332 shares during the period. Interchange Capital Partners LLC raised its holdings in shares of iShares S&P 500 Value ETF by 21.8% in the 2nd quarter. Interchange Capital Partners LLC now owns 14,041 shares of the company’s stock valued at $3,188,000 after purchasing an additional 2,515 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in iShares S&P 500 Value ETF by 11.5% in the 2nd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 174,363 shares of the company’s stock valued at $39,591,000 after purchasing an additional 18,043 shares during the last quarter. Finally, Thomasville National Bank acquired a new stake in iShares S&P 500 Value ETF in the 2nd quarter valued at about $908,000.

iShares S&P 500 Value ETF Stock Performance

iShares S&P 500 Value ETF stock opened at $238.01 on Friday. iShares S&P 500 Value ETF has a 52 week low of $200.52 and a 52 week high of $238.30. The stock has a market capitalization of $50.30 billion, a P/E ratio of 20.70 and a beta of 0.82. The stock has a 50-day simple moving average of $230.24 and a 200 day simple moving average of $223.14.

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.