MV Capital Management Inc. Sells 4,190 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

MV Capital Management Inc. lessened its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 115,408 shares of the company’s stock after selling 4,190 shares during the period. iShares S&P 500 Value ETF comprises 2.4% of MV Capital Management Inc.’s portfolio, making the stock its 9th largest holding. MV Capital Management Inc.’s holdings in iShares S&P 500 Value ETF were worth $22,029,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of IVE. Freedom Investment Management Inc. acquired a new stake in shares of iShares S&P 500 Value ETF in the 3rd quarter valued at about $469,000. Fiduciary Trust Co increased its holdings in iShares S&P 500 Value ETF by 12.3% in the third quarter. Fiduciary Trust Co now owns 6,879 shares of the company’s stock valued at $1,356,000 after buying an additional 756 shares during the last quarter. Financial Counselors Inc. raised its stake in iShares S&P 500 Value ETF by 1.4% during the third quarter. Financial Counselors Inc. now owns 11,471 shares of the company’s stock valued at $2,262,000 after buying an additional 157 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in iShares S&P 500 Value ETF by 3.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 276,776 shares of the company’s stock worth $54,572,000 after buying an additional 9,608 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in shares of iShares S&P 500 Value ETF by 3.3% in the 3rd quarter. Captrust Financial Advisors now owns 131,923 shares of the company’s stock worth $26,011,000 after acquiring an additional 4,159 shares in the last quarter.

iShares S&P 500 Value ETF Trading Down 1.5 %

Shares of NYSEARCA IVE opened at $188.79 on Friday. The company has a market capitalization of $36.76 billion, a price-to-earnings ratio of 21.80 and a beta of 0.94. iShares S&P 500 Value ETF has a twelve month low of $176.09 and a twelve month high of $206.63. The business has a 50 day simple moving average of $194.16 and a 200-day simple moving average of $195.95.

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.