Element Wealth LLC Reduces Stock Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Element Wealth LLC cut its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 4.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,179 shares of the company’s stock after selling 104 shares during the quarter. Element Wealth LLC’s holdings in iShares S&P 500 Value ETF were worth $379,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of IVE. Peoples Bank KS acquired a new stake in shares of iShares S&P 500 Value ETF during the 3rd quarter worth about $25,000. Allspring Global Investments Holdings LLC increased its position in shares of iShares S&P 500 Value ETF by 700.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 160 shares of the company’s stock valued at $25,000 after acquiring an additional 140 shares during the last quarter. First Pacific Financial purchased a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter valued at approximately $30,000. Sound Income Strategies LLC acquired a new position in shares of iShares S&P 500 Value ETF in the 4th quarter worth approximately $35,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in shares of iShares S&P 500 Value ETF during the 4th quarter worth approximately $35,000.

iShares S&P 500 Value ETF Stock Up 0.7 %

NYSEARCA IVE traded up $1.27 on Tuesday, reaching $180.98. The stock had a trading volume of 732,957 shares, compared to its average volume of 980,526. The stock has a fifty day moving average price of $181.02 and a two-hundred day moving average price of $171.17. iShares S&P 500 Value ETF has a 12-month low of $147.23 and a 12-month high of $187.24. The firm has a market capitalization of $32.48 billion, a price-to-earnings ratio of 23.70 and a beta of 0.87.

About iShares S&P 500 Value ETF

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.