Custom Index Systems LLC Sells 6,226 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Custom Index Systems LLC lowered its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 26.2% during the second quarter, Holdings Channel reports. The fund owned 17,543 shares of the company’s stock after selling 6,226 shares during the period. iShares S&P 500 Value ETF makes up approximately 1.8% of Custom Index Systems LLC’s holdings, making the stock its 6th biggest holding. Custom Index Systems LLC’s holdings in iShares S&P 500 Value ETF were worth $3,193,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Palisade Asset Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the first quarter valued at approximately $26,000. Vima LLC bought a new position in iShares S&P 500 Value ETF in the 4th quarter valued at $27,000. CarsonAllaria Wealth Management Ltd. increased its stake in shares of iShares S&P 500 Value ETF by 289.5% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 148 shares of the company’s stock valued at $28,000 after buying an additional 110 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of iShares S&P 500 Value ETF during the first quarter worth $29,000. Finally, Fortis Group Advisors LLC lifted its stake in shares of iShares S&P 500 Value ETF by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $35,000 after acquiring an additional 100 shares during the period.

iShares S&P 500 Value ETF Stock Down 0.9 %

iShares S&P 500 Value ETF stock opened at $191.23 on Friday. The stock has a market cap of $34.26 billion, a price-to-earnings 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 $196.36. The business’s 50-day simple moving average is $188.23 and its 200 day simple moving average is $184.25.

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.