iShares S&P 500 Value ETF $IVE Shares Sold by Waterway Wealth Management LLC

Waterway Wealth Management LLC decreased its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 14.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 131,716 shares of the company’s stock after selling 22,875 shares during the quarter. iShares S&P 500 Value ETF makes up 5.1% of Waterway Wealth Management LLC’s investment portfolio, making the stock its 5th largest position. Waterway Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $27,812,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Simplex Trading LLC purchased a new position in iShares S&P 500 Value ETF during the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC acquired a new position in shares of iShares S&P 500 Value ETF in the 4th quarter valued at about $25,000. Decker Retirement Planning Inc. purchased a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter worth approximately $26,000. United Services Automobile Association purchased a new stake in shares of iShares S&P 500 Value ETF in the second quarter worth approximately $26,000. Finally, Palisade Asset Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the third quarter worth approximately $29,000.

iShares S&P 500 Value ETF Stock Performance

IVE stock opened at $226.09 on Friday. The firm has a 50 day simple moving average of $224.91 and a 200 day simple moving average of $218.86. iShares S&P 500 Value ETF has a 52 week low of $192.90 and a 52 week high of $230.05. The stock has a market cap of $49.92 billion, a P/E ratio of 20.70 and a beta of 0.82.

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. 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.