GDS Wealth Management Cuts Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

GDS Wealth Management trimmed its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 4.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,919 shares of the company’s stock after selling 99 shares during the period. GDS Wealth Management’s holdings in iShares S&P 500 Value ETF were worth $334,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of iShares S&P 500 Value ETF by 700.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 160 shares of the company’s stock worth $25,000 after buying an additional 140 shares in the last quarter. Peoples Bank KS purchased a new position in shares of iShares S&P 500 Value ETF during the 3rd quarter worth approximately $25,000. First Pacific Financial purchased a new position in shares of iShares S&P 500 Value ETF during the 4th quarter worth approximately $30,000. Wetzel Investment Advisors Inc. purchased a new position in shares of iShares S&P 500 Value ETF during the 4th quarter worth approximately $35,000. Finally, Sound Income Strategies LLC purchased a new position in shares of iShares S&P 500 Value ETF during the 4th quarter worth approximately $35,000.

iShares S&P 500 Value ETF Stock Up 0.9 %

NYSEARCA IVE traded up $1.62 during mid-day trading on Thursday, hitting $183.78. The stock had a trading volume of 279,492 shares, compared to its average volume of 928,100. iShares S&P 500 Value ETF has a 52-week low of $147.23 and a 52-week high of $187.24. The company has a market cap of $32.92 billion, a price-to-earnings ratio of 23.38 and a beta of 0.84. The company has a 50 day simple moving average of $181.78 and a 200 day simple moving average of $173.36.

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.