Private Advisor Group LLC Trims Stock Position in iShares S&P 500 Value ETF $IVE

Private Advisor Group LLC trimmed its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 4.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,954 shares of the company’s stock after selling 11,636 shares during the period. Private Advisor Group LLC’s holdings in iShares S&P 500 Value ETF were worth $56,368,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. REAP Financial Group LLC grew its holdings in iShares S&P 500 Value ETF by 9.7% during the 3rd quarter. REAP Financial Group LLC now owns 542 shares of the company’s stock valued at $112,000 after buying an additional 48 shares during the last quarter. Dumont & Blake Investment Advisors LLC lifted its position in shares of iShares S&P 500 Value ETF by 0.5% in the third quarter. Dumont & Blake Investment Advisors LLC now owns 10,795 shares of the company’s stock valued at $2,229,000 after acquiring an additional 49 shares in the last quarter. Signal Advisors Wealth LLC boosted its stake in shares of iShares S&P 500 Value ETF by 0.6% during the third quarter. Signal Advisors Wealth LLC now owns 9,010 shares of the company’s stock valued at $1,861,000 after acquiring an additional 51 shares during the last quarter. Rossby Financial LCC increased its position in iShares S&P 500 Value ETF by 7.5% during the 3rd quarter. Rossby Financial LCC now owns 757 shares of the company’s stock worth $157,000 after purchasing an additional 53 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC raised its stake in iShares S&P 500 Value ETF by 2.2% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,749 shares of the company’s stock valued at $537,000 after purchasing an additional 59 shares during the last quarter.

iShares S&P 500 Value ETF Trading Down 1.0%

NYSEARCA:IVE opened at $216.24 on Monday. iShares S&P 500 Value ETF has a 12-month low of $165.45 and a 12-month high of $223.05. The firm has a market cap of $48.85 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89. The company’s 50-day moving average is $218.11 and its two-hundred day moving average is $211.36.

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. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.