Scarborough Advisors LLC Sells 23,295 Shares of iShares S&P 500 Value ETF $IVE

Scarborough Advisors LLC reduced its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 25.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 68,244 shares of the company’s stock after selling 23,295 shares during the period. iShares S&P 500 Value ETF makes up approximately 1.8% of Scarborough Advisors LLC’s holdings, making the stock its 13th biggest holding. Scarborough Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $15,609,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Assetmark Inc. lifted its stake in iShares S&P 500 Value ETF by 30.3% in the 4th quarter. Assetmark Inc. now owns 22,567 shares of the company’s stock valued at $4,786,000 after acquiring an additional 5,244 shares in the last quarter. Asset Dedication LLC grew its stake in shares of iShares S&P 500 Value ETF by 20.7% during the 4th quarter. Asset Dedication LLC now owns 14,669 shares of the company’s stock worth $3,111,000 after acquiring an additional 2,516 shares in the last quarter. WealthShield Partners LLC grew its stake in shares of iShares S&P 500 Value ETF by 31.1% during the 4th quarter. WealthShield Partners LLC now owns 85,492 shares of the company’s stock worth $18,130,000 after acquiring an additional 20,296 shares in the last quarter. Trek Financial LLC raised its holdings in shares of iShares S&P 500 Value ETF by 48.3% in the fourth quarter. Trek Financial LLC now owns 120,030 shares of the company’s stock valued at $25,455,000 after purchasing an additional 39,068 shares during the last quarter. Finally, M Holdings Securities Inc. acquired a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter valued at approximately $2,929,000.

iShares S&P 500 Value ETF Stock Up 0.6%

Shares of IVE stock opened at $238.01 on Friday. The firm has a market cap of $50.30 billion, a PE ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 12 month low of $200.52 and a 12 month high of $238.30. The company’s fifty day simple moving average is $230.24 and its 200-day simple moving average is $223.14.

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.