Morris Financial Concepts Inc. Sells 121 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Morris Financial Concepts Inc. trimmed its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 0.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 17,353 shares of the company’s stock after selling 121 shares during the quarter. iShares S&P 500 Value ETF comprises about 1.4% of Morris Financial Concepts Inc.’s portfolio, making the stock its 13th biggest holding. Morris Financial Concepts Inc.’s holdings in iShares S&P 500 Value ETF were worth $3,312,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of IVE. Thurston Springer Miller Herd & Titak Inc. boosted its stake in iShares S&P 500 Value ETF by 100.0% in the fourth 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 in the last quarter. Kentucky Trust Co acquired a new stake in iShares S&P 500 Value ETF in the fourth quarter valued at about $29,000. Northwest Investment Counselors LLC acquired a new stake in iShares S&P 500 Value ETF in the third quarter valued at about $31,000. Valued Wealth Advisors LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the third quarter valued at about $35,000. Finally, Perkins Coie Trust Co acquired a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter valued at about $35,000.

iShares S&P 500 Value ETF Trading Down 0.3 %

Shares of IVE stock opened at $195.58 on Thursday. The business’s 50-day moving average price is $194.67 and its 200-day moving average price is $195.36. iShares S&P 500 Value ETF has a 12 month low of $173.01 and a 12 month high of $206.63. The firm has a market capitalization of $35.04 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.