iShares S&P 500 Value ETF $IVE Shares Sold by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC trimmed its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 26.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 32,166 shares of the company’s stock after selling 11,565 shares during the period. Avidian Wealth Enterprises LLC’s holdings in iShares S&P 500 Value ETF were worth $7,343,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IVE. Focus Partners Wealth grew its stake 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 acquiring an additional 702,252 shares during the last quarter. MML Investors Services LLC boosted its stake in 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 worth $446,096,000 after purchasing an additional 689,967 shares in the last quarter. Calamos Advisors LLC grew its position 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 purchasing an additional 596,067 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in iShares S&P 500 Value ETF during the 1st quarter valued at approximately $92,702,000. Finally, Janney Montgomery Scott LLC increased its stake in iShares S&P 500 Value ETF by 38.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,470,999 shares of the company’s stock valued at $311,955,000 after purchasing an additional 405,698 shares in the last quarter.

iShares S&P 500 Value ETF Trading Up 0.2%

Shares of NYSEARCA:IVE traded up $0.54 on Thursday, hitting $231.32. 288,700 shares of the company were exchanged, compared to its average volume of 942,629. The firm has a market capitalization of $48.97 billion, a P/E ratio of 20.70 and a beta of 0.83. iShares S&P 500 Value ETF has a 1-year low of $202.45 and a 1-year high of $239.93. The stock’s 50 day moving average price is $234.41 and its 200 day moving average price is $227.54.

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.