Flputnam Investment Management Co. cut its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 71.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,278 shares of the company’s stock after selling 5,632 shares during the period. Flputnam Investment Management Co.’s holdings in iShares S&P 500 Value ETF were worth $435,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in IVE. LexAurum Advisors LLC increased its stake in shares of iShares S&P 500 Value ETF by 47.2% during the fourth quarter. LexAurum Advisors LLC now owns 3,846 shares of the company’s stock worth $734,000 after acquiring an additional 1,233 shares during the period. Financial Synergies Wealth Advisors Inc. boosted its holdings in iShares S&P 500 Value ETF by 0.6% in the 4th quarter. Financial Synergies Wealth Advisors Inc. now owns 28,709 shares of the company’s stock valued at $5,480,000 after purchasing an additional 160 shares in the last quarter. DAVENPORT & Co LLC increased its position in iShares S&P 500 Value ETF by 10.9% during the 4th quarter. DAVENPORT & Co LLC now owns 3,783 shares of the company’s stock worth $722,000 after purchasing an additional 372 shares during the period. Equitable Trust Co. purchased a new position in shares of iShares S&P 500 Value ETF during the 4th quarter worth approximately $5,806,000. Finally, Empowered Funds LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter valued at approximately $133,000.
iShares S&P 500 Value ETF Price Performance
iShares S&P 500 Value ETF stock opened at $195.36 on Tuesday. The stock’s 50 day moving average price is $194.55 and its 200 day moving average price is $196.33. iShares S&P 500 Value ETF has a 1-year low of $176.09 and a 1-year high of $206.63. The company has a market cap of $35.63 billion, a PE ratio of 22.47 and a beta of 0.95.
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.
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