iShares S&P 500 Value ETF $IVE Position Trimmed by Powell Investment Advisors LLC

Powell Investment Advisors LLC decreased its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 155,670 shares of the company’s stock after selling 3,124 shares during the period. iShares S&P 500 Value ETF makes up about 11.3% of Powell Investment Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Powell Investment Advisors LLC owned 0.07% of iShares S&P 500 Value ETF worth $35,536,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. RMG Wealth Management LLC bought a new stake in shares of iShares S&P 500 Value ETF in the 1st quarter worth about $27,000. Indiana Trust & Investment Management Co boosted its stake in shares of iShares S&P 500 Value ETF by 107.6% during the 1st quarter. Indiana Trust & Investment Management Co now owns 191 shares of the company’s stock worth $40,000 after purchasing an additional 99 shares during the period. First Bancorp Inc ME bought a new position in iShares S&P 500 Value ETF during the 2nd quarter valued at about $45,000. Pension & Wealth Management Advisors Inc. grew its holdings in iShares S&P 500 Value ETF by 41.8% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 251 shares of the company’s stock valued at $57,000 after purchasing an additional 74 shares during the last quarter. Finally, First Pacific Financial bought a new position in iShares S&P 500 Value ETF during the 1st quarter valued at about $64,000.

iShares S&P 500 Value ETF Price Performance

iShares S&P 500 Value ETF stock opened at $239.47 on Friday. iShares S&P 500 Value ETF has a 1-year low of $203.15 and a 1-year high of $239.93. The firm has a market capitalization of $50.70 billion, a P/E ratio of 20.70 and a beta of 0.83. The company’s 50-day moving average is $234.46 and its 200 day moving average is $229.49.

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.