3,124 iShares S&P 500 Value ETF $IVE Shares Sold by Powell Investment Advisors LLC

Powell Investment Advisors LLC decreased its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.0% during the third quarter, HoldingsChannel.com reports. The firm owned 155,670 shares of the company’s stock after selling 3,124 shares during the quarter. iShares S&P 500 Value ETF makes up about 11.3% of Powell Investment Advisors LLC’s holdings, making the stock its 2nd biggest holding. Powell Investment Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $35,536,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. RMG Wealth Management LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the first quarter valued at $27,000. Indiana Trust & Investment Management Co grew its holdings in shares of iShares S&P 500 Value ETF by 107.6% in the first quarter. Indiana Trust & Investment Management Co now owns 191 shares of the company’s stock worth $40,000 after purchasing an additional 99 shares during the last quarter. First Bancorp Inc ME bought a new position in shares of iShares S&P 500 Value ETF in the second quarter worth about $45,000. Pension & Wealth Management Advisors Inc. grew its holdings in shares of iShares S&P 500 Value ETF by 41.8% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 251 shares of the company’s stock worth $57,000 after purchasing an additional 74 shares during the last quarter. Finally, First Pacific Financial bought a new position in shares of iShares S&P 500 Value ETF in the first quarter worth about $64,000.

iShares S&P 500 Value ETF Price Performance

IVE stock opened at $239.47 on Friday. The company has a market capitalization of $50.70 billion, a PE ratio of 20.70 and a beta of 0.83. iShares S&P 500 Value ETF has a 12 month low of $203.15 and a 12 month high of $239.93. The firm’s 50-day moving average is $234.46 and its 200 day moving average is $229.49.

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.