Financial Advocates Investment Management Decreases Stock Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Financial Advocates Investment Management reduced its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 7.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 65,138 shares of the company’s stock after selling 5,019 shares during the period. iShares S&P 500 Value ETF accounts for about 0.7% of Financial Advocates Investment Management’s holdings, making the stock its 28th largest holding. Financial Advocates Investment Management’s holdings in iShares S&P 500 Value ETF were worth $12,819,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Palisade Asset Management LLC purchased a new stake in shares of iShares S&P 500 Value ETF in the first quarter valued at about $26,000. CarsonAllaria Wealth Management Ltd. increased its position in iShares S&P 500 Value ETF by 289.5% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 148 shares of the company’s stock worth $28,000 after buying an additional 110 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of iShares S&P 500 Value ETF in the third quarter worth $31,000. Addison Advisors LLC lifted its position in shares of iShares S&P 500 Value ETF by 50.0% in the second quarter. Addison Advisors LLC now owns 279 shares of the company’s stock valued at $51,000 after acquiring an additional 93 shares in the last quarter. Finally, TruNorth Capital Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the second quarter valued at $65,000.

iShares S&P 500 Value ETF Trading Down 0.1 %

Shares of IVE stock opened at $195.84 on Thursday. iShares S&P 500 Value ETF has a twelve month low of $149.61 and a twelve month high of $201.08. The company has a market capitalization of $35.08 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. The firm has a 50-day moving average price of $195.96 and a 200 day moving average price of $188.06.

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.