MLG Wealth Management DBA Pine Grove Financial Group Sells 15,979 Shares of iShares S&P 500 Value ETF $IVE

MLG Wealth Management DBA Pine Grove Financial Group cut its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 13.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,567 shares of the company’s stock after selling 15,979 shares during the period. iShares S&P 500 Value ETF comprises approximately 2.4% of MLG Wealth Management DBA Pine Grove Financial Group’s portfolio, making the stock its 9th largest position. MLG Wealth Management DBA Pine Grove Financial Group’s holdings in iShares S&P 500 Value ETF were worth $23,984,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Simplex Trading LLC purchased a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC acquired a new position in iShares S&P 500 Value ETF during the fourth quarter worth approximately $25,000. United Services Automobile Association purchased a new stake in iShares S&P 500 Value ETF in the second quarter valued at approximately $26,000. RMG Wealth Management LLC purchased a new stake in iShares S&P 500 Value ETF in the first quarter valued at approximately $27,000. Finally, Palisade Asset Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the third quarter valued at approximately $29,000.

iShares S&P 500 Value ETF Price Performance

IVE stock opened at $236.80 on Tuesday. The company has a fifty day moving average price of $233.78 and a 200 day moving average price of $225.27. iShares S&P 500 Value ETF has a 12 month low of $201.22 and a 12 month high of $239.93. The company has a market cap of $50.05 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82.

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.