Investment Partners LTD. Sells 121 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Investment Partners LTD. decreased its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 0.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,943 shares of the company’s stock after selling 121 shares during the quarter. iShares S&P 500 Value ETF makes up 2.0% of Investment Partners LTD.’s portfolio, making the stock its 13th biggest holding. Investment Partners LTD.’s holdings in iShares S&P 500 Value ETF were worth $4,473,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Vima LLC bought a new stake in shares of iShares S&P 500 Value ETF during the 4th quarter valued at $27,000. Northwest Investment Counselors LLC bought a new stake in iShares S&P 500 Value ETF during the 1st quarter valued at approximately $29,000. First Pacific Financial purchased a new position in iShares S&P 500 Value ETF in the 4th quarter worth approximately $30,000. Sound Income Strategies LLC bought a new position in iShares S&P 500 Value ETF in the 4th quarter worth approximately $35,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in iShares S&P 500 Value ETF during the 4th quarter valued at approximately $35,000.

iShares S&P 500 Value ETF Price Performance

Shares of IVE stock traded up $0.81 during mid-day trading on Friday, hitting $182.64. The company had a trading volume of 43,494 shares, compared to its average volume of 797,782. The company has a market capitalization of $32.72 billion, a P/E ratio of 23.79 and a beta of 0.81. The stock’s 50 day moving average price is $182.41 and its 200-day moving average price is $179.15. iShares S&P 500 Value ETF has a 52-week low of $147.23 and a 52-week high of $187.24.

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.