Goldman Sachs Group Inc. cut its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 26.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,151,928 shares of the company’s stock after selling 411,090 shares during the quarter. Goldman Sachs Group Inc.’s holdings in iShares S&P 500 Value ETF were worth $244,289,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Decker Retirement Planning Inc. purchased a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth approximately $26,000. United Services Automobile Association purchased a new position in shares of iShares S&P 500 Value ETF during the second quarter worth approximately $26,000. Palisade Asset Management LLC purchased a new position in shares of iShares S&P 500 Value ETF during the third quarter worth approximately $29,000. Ransom Advisory Ltd purchased a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth approximately $31,000. Finally, Birchbrook Inc. purchased a new position in iShares S&P 500 Value ETF in the 4th quarter valued at $31,000.
iShares S&P 500 Value ETF Price Performance
NYSEARCA:IVE opened at $226.54 on Friday. The firm’s fifty day moving average price is $221.01 and its 200 day moving average price is $217.08. iShares S&P 500 Value ETF has a 1-year low of $189.66 and a 1-year high of $229.53. The firm has a market cap of $50.02 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82.
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.
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Want to see what other hedge funds are holding IVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report).
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