Royal Fund Management LLC Sells 3,181 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Royal Fund Management LLC trimmed its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 50.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,149 shares of the company’s stock after selling 3,181 shares during the quarter. Royal Fund Management LLC’s holdings in iShares S&P 500 Value ETF were worth $602,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of iShares S&P 500 Value ETF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the company’s stock worth $29,000 after acquiring an additional 76 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in iShares S&P 500 Value ETF during the third quarter valued at $31,000. Valued Wealth Advisors LLC bought a new position in iShares S&P 500 Value ETF during the third quarter valued at $35,000. Perkins Coie Trust Co bought a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter worth about $35,000. Finally, Copley Financial Group Inc. bought a new stake in shares of iShares S&P 500 Value ETF in the 3rd quarter worth about $36,000.

iShares S&P 500 Value ETF Trading Up 0.8 %

Shares of NYSEARCA:IVE opened at $195.66 on Wednesday. The company has a market cap of $35.05 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 $172.85 and a 12 month high of $206.63. The company has a 50-day moving average price of $196.76 and a 200 day moving average price of $194.23.

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.