Pettinga Financial Advisors LLC Has $14.86 Million Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Pettinga Financial Advisors LLC cut its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.7% in the third quarter, Holdings Channel.com reports. The firm owned 75,355 shares of the company’s stock after selling 1,291 shares during the quarter. iShares S&P 500 Value ETF makes up approximately 3.5% of Pettinga Financial Advisors LLC’s investment portfolio, making the stock its 8th largest position. Pettinga Financial Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $14,858,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new position in shares of iShares S&P 500 Value ETF during the third quarter worth about $31,000. Valued Wealth Advisors LLC bought a new stake in shares of iShares S&P 500 Value ETF in the third quarter worth $35,000. Addison Advisors LLC boosted its holdings in iShares S&P 500 Value ETF by 50.0% during the second quarter. Addison Advisors LLC now owns 279 shares of the company’s stock worth $51,000 after purchasing an additional 93 shares during the last quarter. TruNorth Capital Management LLC bought a new position in iShares S&P 500 Value ETF in the second quarter valued at $65,000. Finally, Avondale Wealth Management grew its position in iShares S&P 500 Value ETF by 24.8% in the second quarter. Avondale Wealth Management now owns 362 shares of the company’s stock valued at $66,000 after purchasing an additional 72 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

Shares of NYSEARCA:IVE opened at $199.51 on Monday. The company’s 50-day moving average price is $197.20 and its two-hundred day moving average price is $189.74. iShares S&P 500 Value ETF has a one year low of $161.43 and a one year high of $203.67. The stock has a market capitalization of $35.74 billion, a PE ratio of 23.79 and a beta of 0.81.

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.