Financial Enhancement Group LLC Lowers Stock Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Financial Enhancement Group LLC reduced its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 40.5% during the first quarter, Holdings Channel reports. The firm owned 32,781 shares of the company’s stock after selling 22,319 shares during the period. Financial Enhancement Group LLC’s holdings in iShares S&P 500 Value ETF were worth $5,834,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in iShares S&P 500 Value ETF by 0.8% in the fourth quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock valued at $2,679,000 after acquiring an additional 112 shares during the last quarter. Principal Financial Group Inc. lifted its stake in iShares S&P 500 Value ETF by 8.1% in the fourth quarter. Principal Financial Group Inc. now owns 14,957 shares of the company’s stock valued at $2,855,000 after purchasing an additional 1,122 shares during the last quarter. Crestwood Advisors Group LLC lifted its position in shares of iShares S&P 500 Value ETF by 5.0% during the 4th quarter. Crestwood Advisors Group LLC now owns 10,098 shares of the company’s stock valued at $1,928,000 after buying an additional 479 shares during the last quarter. Prasad Wealth Partners LLC purchased a new position in shares of iShares S&P 500 Value ETF during the 4th quarter valued at $502,000. Finally, Pine Valley Investments Ltd Liability Co grew its stake in shares of iShares S&P 500 Value ETF by 32.5% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 3,755 shares of the company’s stock worth $717,000 after acquiring an additional 920 shares during the period.

iShares S&P 500 Value ETF Stock Up 0.8%

NYSEARCA IVE opened at $193.13 on Wednesday. The company has a market cap of $38.72 billion, a PE ratio of 20.88 and a beta of 0.89. iShares S&P 500 Value ETF has a 52 week low of $165.45 and a 52 week high of $206.63. The firm’s 50-day simple moving average is $187.10 and its two-hundred day simple moving average is $190.05.

iShares S&P 500 Value ETF 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.