iShares S&P 500 Value ETF (NYSEARCA:IVE) Shares Sold by Alterna Wealth Management Inc.

Alterna Wealth Management Inc. trimmed its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.0% during the third quarter, Holdings Channel reports. The firm owned 2,364 shares of the company’s stock after selling 124 shares during the quarter. Alterna Wealth Management Inc.’s holdings in iShares S&P 500 Value ETF were worth $466,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. CGN Advisors LLC boosted its stake in iShares S&P 500 Value ETF by 3.0% in the second quarter. CGN Advisors LLC now owns 1,860 shares of the company’s stock valued at $339,000 after acquiring an additional 55 shares during the period. Capital Square LLC boosted its position in iShares S&P 500 Value ETF by 1.3% during the 2nd quarter. Capital Square LLC now owns 4,339 shares of the company’s stock valued at $816,000 after purchasing an additional 55 shares during the period. HighMark Wealth Management LLC boosted its position in iShares S&P 500 Value ETF by 0.7% during the 2nd quarter. HighMark Wealth Management LLC now owns 8,208 shares of the company’s stock valued at $1,494,000 after purchasing an additional 56 shares during the period. Jaffetilchin Investment Partners LLC grew its stake in iShares S&P 500 Value ETF by 0.8% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 7,025 shares of the company’s stock worth $1,279,000 after buying an additional 57 shares during the last quarter. Finally, WR Wealth Planners LLC increased its position in iShares S&P 500 Value ETF by 1.5% in the second quarter. WR Wealth Planners LLC now owns 3,846 shares of the company’s stock worth $700,000 after buying an additional 57 shares during the period.

iShares S&P 500 Value ETF Stock Performance

IVE stock opened at $194.47 on Tuesday. The stock’s fifty day moving average is $196.06 and its two-hundred day moving average is $188.51. The stock has a market capitalization of $34.84 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 1 year low of $155.79 and a 1 year high of $201.08.

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.