Pettinga Financial Advisors LLC Sells 1,221 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Pettinga Financial Advisors LLC reduced its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,425 shares of the company’s stock after selling 1,221 shares during the quarter. iShares S&P 500 Value ETF accounts for 3.5% of Pettinga Financial Advisors LLC’s portfolio, making the stock its 8th largest position. Pettinga Financial Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $14,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BKM Wealth Management LLC grew 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 acquiring an additional 1,802 shares during the last quarter. Sutton Place Investors LLC grew its holdings in shares of iShares S&P 500 Value ETF by 9.3% during the second quarter. Sutton Place Investors LLC now owns 5,704 shares of the company’s stock worth $1,038,000 after purchasing an additional 483 shares during the last quarter. FinTrust Capital Advisors LLC increased its stake in shares of iShares S&P 500 Value ETF by 2,406.7% in the first quarter. FinTrust Capital Advisors LLC now owns 1,504 shares of the company’s stock valued at $281,000 after buying an additional 1,444 shares in the last quarter. NBC Securities Inc. raised its holdings in shares of iShares S&P 500 Value ETF by 33.3% in the third quarter. NBC Securities Inc. now owns 2,148 shares of the company’s stock valued at $423,000 after buying an additional 536 shares during the last quarter. Finally, Financial Partners Group Inc lifted its position in iShares S&P 500 Value ETF by 2.7% during the 2nd quarter. Financial Partners Group Inc now owns 2,784 shares of the company’s stock worth $507,000 after buying an additional 74 shares in the last quarter.

iShares S&P 500 Value ETF Stock Down 0.7 %

Shares of NYSEARCA:IVE opened at $196.32 on Friday. The firm has a market cap of $35.17 billion, a P/E ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 12 month low of $147.23 and a 12 month high of $201.08. The company’s 50-day moving average price is $195.53 and its two-hundred day moving average price is $187.62.

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.