Merit Financial Group LLC Sells 10,418 Shares of iShares S&P 500 Value ETF $IVE

Merit Financial Group LLC lowered its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 10.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,951 shares of the company’s stock after selling 10,418 shares during the period. Merit Financial Group LLC’s holdings in iShares S&P 500 Value ETF were worth $20,651,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in IVE. Rockwood Wealth Management LLC boosted its stake in iShares S&P 500 Value ETF by 2.7% during the 1st quarter. Rockwood Wealth Management LLC now owns 1,785 shares of the company’s stock valued at $377,000 after purchasing an additional 47 shares during the last quarter. Flagship Private Wealth LLC raised its stake in shares of iShares S&P 500 Value ETF by 1.1% in the fourth quarter. Flagship Private Wealth LLC now owns 4,250 shares of the company’s stock worth $901,000 after purchasing an additional 48 shares during the last quarter. Patten & Patten Inc. TN raised its stake in shares of iShares S&P 500 Value ETF by 4.8% in the fourth quarter. Patten & Patten Inc. TN now owns 1,048 shares of the company’s stock worth $222,000 after purchasing an additional 48 shares during the last quarter. Bernardo Wealth Planning LLC lifted its holdings in shares of iShares S&P 500 Value ETF by 0.5% during the fourth quarter. Bernardo Wealth Planning LLC now owns 9,495 shares of the company’s stock valued at $2,014,000 after purchasing an additional 49 shares in the last quarter. Finally, Stegner Investment Associates Inc. lifted its holdings in shares of iShares S&P 500 Value ETF by 0.3% during the fourth quarter. Stegner Investment Associates Inc. now owns 16,304 shares of the company’s stock valued at $3,457,000 after purchasing an additional 49 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

iShares S&P 500 Value ETF stock opened at $236.60 on Thursday. iShares S&P 500 Value ETF has a one year low of $200.52 and a one year high of $236.97. The stock has a market capitalization of $50.01 billion, a PE ratio of 20.70 and a beta of 0.82. The business’s fifty day moving average is $230.07 and its 200 day moving average is $222.99.

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. 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.