iShares S&P 500 Value ETF (NYSEARCA:IVE) Stock Holdings Reduced by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC decreased its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 11.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 628,403 shares of the company’s stock after selling 80,536 shares during the period. iShares S&P 500 Value ETF accounts for 2.9% of Miracle Mile Advisors LLC’s investment portfolio, making the stock its 6th largest holding. Miracle Mile Advisors LLC owned about 0.35% of iShares S&P 500 Value ETF worth $117,392,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of IVE. Bank OZK increased its stake in iShares S&P 500 Value ETF by 42.6% in the fourth quarter. Bank OZK now owns 2,310 shares of the company’s stock valued at $402,000 after purchasing an additional 690 shares during the period. D.A. Davidson & CO. raised its stake in iShares S&P 500 Value ETF by 0.6% during the 4th quarter. D.A. Davidson & CO. now owns 18,017 shares of the company’s stock valued at $3,133,000 after acquiring an additional 110 shares during the last quarter. Sachetta LLC acquired a new stake in iShares S&P 500 Value ETF during the 4th quarter worth approximately $1,723,000. Watershed Private Wealth LLC increased its holdings in shares of iShares S&P 500 Value ETF by 3.4% in the fourth quarter. Watershed Private Wealth LLC now owns 39,034 shares of the company’s stock valued at $6,787,000 after purchasing an additional 1,279 shares during the period. Finally, BKM Wealth Management LLC raised its position in iShares S&P 500 Value ETF by 2.9% during the 1st quarter. BKM Wealth Management LLC now owns 63,882 shares of the company’s stock worth $11,934,000 after buying an additional 1,802 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

IVE traded down $0.95 on Monday, hitting $181.06. 904,571 shares of the company were exchanged, compared to its average volume of 801,697. iShares S&P 500 Value ETF has a fifty-two week low of $147.23 and a fifty-two week high of $187.24. The firm has a market capitalization of $32.44 billion, a P/E ratio of 23.79 and a beta of 0.81. The business’s fifty day moving average is $182.48 and its 200 day moving average is $179.37.

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.