Salomon & Ludwin LLC Cuts Stock Holdings in iShares S&P 500 Value ETF $IVE

Salomon & Ludwin LLC cut its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.5% in the third quarter, Holdings Channel.com reports. The firm owned 193,529 shares of the company’s stock after selling 2,964 shares during the quarter. iShares S&P 500 Value ETF makes up approximately 3.6% of Salomon & Ludwin LLC’s investment portfolio, making the stock its 7th largest position. Salomon & Ludwin LLC’s holdings in iShares S&P 500 Value ETF were worth $40,223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of IVE. Brighton Jones LLC grew its holdings in shares of iShares S&P 500 Value ETF by 0.8% during the fourth quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock worth $2,679,000 after buying an additional 112 shares in the last quarter. Ancora Advisors LLC grew its stake in shares of iShares S&P 500 Value ETF by 465.7% during the 1st quarter. Ancora Advisors LLC now owns 31,719 shares of the company’s stock worth $6,045,000 after acquiring an additional 26,112 shares in the last quarter. Amundi grew its stake in shares of iShares S&P 500 Value ETF by 15.0% during the 1st quarter. Amundi now owns 41,400 shares of the company’s stock worth $7,589,000 after acquiring an additional 5,400 shares in the last quarter. Copperleaf Capital LLC raised its holdings in shares of iShares S&P 500 Value ETF by 49.0% in the first quarter. Copperleaf Capital LLC now owns 17,374 shares of the company’s stock valued at $3,311,000 after purchasing an additional 5,716 shares during the last quarter. Finally, Concorde Asset Management LLC lifted its position in shares of iShares S&P 500 Value ETF by 8.7% in the first quarter. Concorde Asset Management LLC now owns 10,854 shares of the company’s stock worth $1,968,000 after purchasing an additional 866 shares in the last quarter.

iShares S&P 500 Value ETF Trading Down 0.7%

Shares of IVE opened at $212.07 on Friday. The stock has a market capitalization of $43.25 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89. iShares S&P 500 Value ETF has a 12 month low of $165.45 and a 12 month high of $214.90. The firm has a fifty day simple moving average of $210.65 and a 200 day simple moving average of $204.30.

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. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.