Cranbrook Wealth Management LLC Has $4.73 Million Stock Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Cranbrook Wealth Management LLC cut its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 0.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 24,785 shares of the company’s stock after selling 75 shares during the quarter. iShares S&P 500 Value ETF makes up approximately 1.1% of Cranbrook Wealth Management LLC’s investment portfolio, making the stock its 25th largest position. Cranbrook Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $4,731,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of IVE. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of iShares S&P 500 Value ETF by 100.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the company’s stock valued at $29,000 after buying an additional 76 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of iShares S&P 500 Value ETF during the 3rd quarter worth about $31,000. Valued Wealth Advisors LLC acquired a new position in iShares S&P 500 Value ETF in the 3rd quarter valued at about $35,000. Copley Financial Group Inc. bought a new position in iShares S&P 500 Value ETF in the 3rd quarter valued at about $36,000. Finally, Hobbs Group Advisors LLC acquired a new stake in iShares S&P 500 Value ETF during the third quarter worth approximately $40,000.

iShares S&P 500 Value ETF Stock Up 0.7 %

Shares of NYSEARCA:IVE opened at $194.09 on Friday. The stock has a market cap of $34.77 billion, a PE ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 12-month low of $170.13 and a 12-month high of $206.63. The business has a 50 day moving average of $196.93 and a 200-day moving average of $193.97.

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.