Elevated Capital Advisors LLC Cuts Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Elevated Capital Advisors LLC trimmed its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 12.4% during the fourth quarter, HoldingsChannel reports. The fund owned 2,137 shares of the company’s stock after selling 302 shares during the quarter. Elevated Capital Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $408,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the third quarter valued at about $31,000. Valued Wealth Advisors LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the 3rd quarter valued at approximately $35,000. Copley Financial Group Inc. purchased a new stake in shares of iShares S&P 500 Value ETF during the 3rd quarter worth approximately $36,000. Hobbs Group Advisors LLC acquired a new position in iShares S&P 500 Value ETF during the third quarter worth $40,000. Finally, Colony Family Offices LLC boosted its position in iShares S&P 500 Value ETF by 77.3% during the third quarter. Colony Family Offices LLC now owns 273 shares of the company’s stock worth $54,000 after purchasing an additional 119 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

iShares S&P 500 Value ETF stock opened at $189.42 on Tuesday. The stock’s fifty day moving average is $197.53 and its two-hundred day moving average is $193.84. iShares S&P 500 Value ETF has a fifty-two week low of $170.13 and a fifty-two week high of $206.63. The firm has a market capitalization of $33.93 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

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.