iShares S&P 500 Value ETF $IVE Shares Sold by Ehrlich Financial Group

Ehrlich Financial Group reduced its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 19.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 11,433 shares of the company’s stock after selling 2,816 shares during the period. iShares S&P 500 Value ETF makes up approximately 1.3% of Ehrlich Financial Group’s investment portfolio, making the stock its 23rd biggest position. Ehrlich Financial Group’s holdings in iShares S&P 500 Value ETF were worth $2,596,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Point Investment Advisors LLC lifted its stake in shares of iShares S&P 500 Value ETF by 2.0% in the second quarter. Strategic Point Investment Advisors LLC now owns 249,869 shares of the company’s stock worth $56,735,000 after acquiring an additional 4,842 shares in the last quarter. Kwmg LLC boosted its holdings in iShares S&P 500 Value ETF by 6.9% in the second quarter. Kwmg LLC now owns 132,262 shares of the company’s stock valued at $30,031,000 after purchasing an additional 8,489 shares during the last quarter. Whitcomb & Hess Inc. grew its stake in iShares S&P 500 Value ETF by 1.6% during the 2nd quarter. Whitcomb & Hess Inc. now owns 7,188 shares of the company’s stock valued at $1,632,000 after purchasing an additional 114 shares in the last quarter. 55 North Private Wealth LLC acquired a new stake in iShares S&P 500 Value ETF during the 2nd quarter valued at approximately $200,000. Finally, Clark Asset Management LLC increased its holdings in iShares S&P 500 Value ETF by 7.3% during the 2nd quarter. Clark Asset Management LLC now owns 1,380 shares of the company’s stock worth $313,000 after purchasing an additional 94 shares during the last quarter.

iShares S&P 500 Value ETF Stock Up 0.5%

IVE stock opened at $235.78 on Friday. The stock’s 50 day moving average is $229.51 and its two-hundred day moving average is $222.52. iShares S&P 500 Value ETF has a 52-week low of $197.66 and a 52-week high of $236.39. The company has a market capitalization of $49.83 billion, a PE ratio of 20.70 and a beta of 0.82.

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.