Morris Financial Concepts Inc. Sells 121 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Morris Financial Concepts Inc. trimmed its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,353 shares of the company’s stock after selling 121 shares during the quarter. iShares S&P 500 Value ETF makes up 1.4% of Morris Financial Concepts Inc.’s holdings, making the stock its 13th biggest holding. Morris Financial Concepts Inc.’s holdings in iShares S&P 500 Value ETF were worth $3,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Kentucky Trust Co bought a new stake in iShares S&P 500 Value ETF in the fourth quarter worth approximately $29,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in iShares S&P 500 Value ETF by 100.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the company’s stock worth $29,000 after purchasing an additional 76 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in iShares S&P 500 Value ETF in the third quarter worth approximately $31,000. Valued Wealth Advisors LLC bought a new stake in iShares S&P 500 Value ETF in the third quarter worth approximately $35,000. Finally, Perkins Coie Trust Co bought a new stake in iShares S&P 500 Value ETF in the fourth quarter worth approximately $35,000.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE stock opened at $195.58 on Thursday. The company has a market cap of $35.04 billion, a P/E ratio of 23.79 and a beta of 0.81. The stock has a 50 day simple moving average of $194.67 and a two-hundred day simple moving average of $195.36. iShares S&P 500 Value ETF has a fifty-two week low of $173.01 and a fifty-two week high of $206.63.

iShares S&P 500 Value ETF 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.