iShares S&P 500 Value ETF (NYSEARCA:IVE) Shares Sold by Phillips Financial Management LLC

Phillips Financial Management LLC lessened its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 250,386 shares of the company’s stock after selling 14,529 shares during the quarter. iShares S&P 500 Value ETF accounts for about 3.8% of Phillips Financial Management LLC’s holdings, making the stock its 4th biggest position. Phillips Financial Management LLC’s holdings in iShares S&P 500 Value ETF were worth $49,369,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IVE. Northwest Investment Counselors LLC acquired a new position in shares of iShares S&P 500 Value ETF in the third quarter worth $31,000. Valued Wealth Advisors LLC purchased a new position in iShares S&P 500 Value ETF in the third quarter valued at about $35,000. Addison Advisors LLC increased its position in iShares S&P 500 Value ETF by 50.0% in the 2nd 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 purchased a new stake in shares of iShares S&P 500 Value ETF during the 2nd quarter worth about $65,000. Finally, Avondale Wealth Management lifted its holdings in shares of iShares S&P 500 Value ETF by 24.8% during the 2nd quarter. Avondale Wealth Management now owns 362 shares of the company’s stock valued at $66,000 after buying an additional 72 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA IVE opened at $199.51 on Monday. The business has a 50 day simple moving average of $197.20 and a 200 day simple moving average of $189.74. iShares S&P 500 Value ETF has a 52 week low of $161.43 and a 52 week high of $203.67. The stock has a market cap of $35.74 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

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.