iShares S&P 500 Value ETF $IVE Stock: Sound Income Strategies LLC Cuts Holdings

Sound Income Strategies LLC reduced its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 48.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,414 shares of the company’s stock after selling 4,165 shares during the period. Sound Income Strategies LLC’s holdings in iShares S&P 500 Value ETF were worth $1,025,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Balefire LLC boosted its position in shares of iShares S&P 500 Value ETF by 72.3% during the 3rd quarter. Balefire LLC now owns 27,711 shares of the company’s stock valued at $6,326,000 after acquiring an additional 11,629 shares during the last quarter. David J Yvars Group grew its holdings in shares of iShares S&P 500 Value ETF by 15.5% in the third quarter. David J Yvars Group now owns 1,342 shares of the company’s stock valued at $306,000 after purchasing an additional 180 shares during the period. Wedmont Private Capital increased its position in iShares S&P 500 Value ETF by 18.8% during the third quarter. Wedmont Private Capital now owns 6,359 shares of the company’s stock worth $1,476,000 after purchasing an additional 1,007 shares during the last quarter. McNaughton Wealth Management LLC increased its position in iShares S&P 500 Value ETF by 1.8% during the third quarter. McNaughton Wealth Management LLC now owns 60,879 shares of the company’s stock worth $13,897,000 after purchasing an additional 1,087 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in iShares S&P 500 Value ETF by 20.2% during the third quarter. GAMMA Investing LLC now owns 1,848 shares of the company’s stock worth $422,000 after purchasing an additional 311 shares during the period.

iShares S&P 500 Value ETF Price Performance

NYSEARCA:IVE opened at $233.02 on Friday. The company’s 50-day moving average is $234.44 and its two-hundred day moving average is $227.75. The firm has a market capitalization of $49.33 billion, a price-to-earnings ratio of 20.70 and a beta of 0.83. iShares S&P 500 Value ETF has a 1-year low of $202.45 and a 1-year high of $239.93.

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. 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.