Sunbelt Securities Inc. Cuts Stake in iShares S&P 500 Value ETF $IVE

Sunbelt Securities Inc. lessened its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 9.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,751 shares of the company’s stock after selling 4,436 shares during the quarter. iShares S&P 500 Value ETF accounts for approximately 0.6% of Sunbelt Securities Inc.’s holdings, making the stock its 29th biggest position. Sunbelt Securities Inc.’s holdings in iShares S&P 500 Value ETF were worth $9,238,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in iShares S&P 500 Value ETF by 96.6% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 223,947 shares of the company’s stock valued at $47,492,000 after purchasing an additional 110,058 shares during the last quarter. FLP Wealth Management LLC increased its holdings in shares of iShares S&P 500 Value ETF by 1,182.9% in the 4th quarter. FLP Wealth Management LLC now owns 23,964 shares of the company’s stock worth $5,082,000 after purchasing an additional 22,096 shares in the last quarter. Cassilly Financial Group LLC bought a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter worth $2,294,000. Brookstone Capital Management raised its stake in shares of iShares S&P 500 Value ETF by 33.8% in the fourth quarter. Brookstone Capital Management now owns 143,272 shares of the company’s stock worth $30,384,000 after purchasing an additional 36,178 shares during the last quarter. Finally, Assetmark Inc. raised its stake in shares of iShares S&P 500 Value ETF by 30.3% in the fourth quarter. Assetmark Inc. now owns 22,567 shares of the company’s stock worth $4,786,000 after purchasing an additional 5,244 shares during the last quarter.

iShares S&P 500 Value ETF Price Performance

Shares of NYSEARCA:IVE opened at $234.42 on Wednesday. iShares S&P 500 Value ETF has a 1 year low of $193.90 and a 1 year high of $234.91. The company has a market cap of $49.57 billion, a P/E ratio of 20.70 and a beta of 0.82. The stock’s fifty day moving average price is $228.50 and its 200-day moving average price is $221.62.

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.