Level Four Advisory Services LLC Lowers Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Level Four Advisory Services LLC reduced its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,085 shares of the company’s stock after selling 78 shares during the period. Level Four Advisory Services LLC’s holdings in iShares S&P 500 Value ETF were worth $4,216,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in iShares S&P 500 Value ETF during the 4th quarter valued at approximately $311,273,000. USA Financial Formulas bought a new position in shares of iShares S&P 500 Value ETF during the 4th quarter valued at approximately $77,191,000. Davis Selected Advisers grew its holdings in shares of iShares S&P 500 Value ETF by 1,452.8% in the fourth quarter. Davis Selected Advisers now owns 197,175 shares of the company’s stock valued at $37,637,000 after purchasing an additional 184,477 shares in the last quarter. PNC Financial Services Group Inc. increased its position in iShares S&P 500 Value ETF by 8.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,142,670 shares of the company’s stock worth $408,993,000 after purchasing an additional 167,028 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC raised its stake in iShares S&P 500 Value ETF by 28.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 613,456 shares of the company’s stock valued at $120,955,000 after purchasing an additional 136,769 shares in the last quarter.

iShares S&P 500 Value ETF Stock Down 1.5 %

Shares of NYSEARCA:IVE opened at $188.79 on Friday. The firm has a fifty day simple moving average of $194.16 and a two-hundred day simple moving average of $195.95. iShares S&P 500 Value ETF has a 52 week low of $176.09 and a 52 week high of $206.63. The stock has a market capitalization of $36.76 billion, a P/E ratio of 21.80 and a beta of 0.94.

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.