Advisors Capital Management LLC Trims Stock Position in iShares S&P 500 Value ETF $IVE

Advisors Capital Management LLC lessened its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,355 shares of the company’s stock after selling 158 shares during the quarter. Advisors Capital Management LLC’s holdings in iShares S&P 500 Value ETF were worth $830,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Pinney & Scofield Inc. purchased a new stake in iShares S&P 500 Value ETF in the 4th quarter valued at $26,000. Cloud Capital Management LLC purchased a new stake in iShares S&P 500 Value ETF in the 1st quarter valued at $27,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in iShares S&P 500 Value ETF in the 1st quarter valued at $29,000. Nemes Rush Group LLC raised its position in iShares S&P 500 Value ETF by 625.0% in the 1st quarter. Nemes Rush Group LLC now owns 174 shares of the company’s stock valued at $33,000 after purchasing an additional 150 shares during the last quarter. Finally, Flaharty Asset Management LLC purchased a new stake in iShares S&P 500 Value ETF in the 1st quarter valued at $33,000.

iShares S&P 500 Value ETF Price Performance

IVE stock opened at $203.94 on Friday. The company has a fifty day moving average price of $200.18 and a 200 day moving average price of $192.05. iShares S&P 500 Value ETF has a 12 month low of $165.45 and a 12 month high of $206.63. The company has a market cap of $40.94 billion, a price-to-earnings ratio of 20.70 and a beta of 0.94.

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.