iShares S&P 500 Value ETF $IVE Shares Sold by Powell Investment Advisors LLC

Powell Investment Advisors LLC cut its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.7% in the 3rd quarter, Holdings Channel reports. The fund owned 156,000 shares of the company’s stock after selling 4,365 shares during the period. iShares S&P 500 Value ETF accounts for about 11.3% of Powell Investment Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Powell Investment Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $32,216,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in IVE. United Services Automobile Association bought a new stake in shares of iShares S&P 500 Value ETF in the 2nd quarter worth about $26,000. Center for Financial Planning Inc. acquired a new stake in iShares S&P 500 Value ETF during the third quarter worth about $32,000. Tripletail Wealth Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the 3rd quarter worth approximately $37,000. Rossmore Private Capital acquired a new position in iShares S&P 500 Value ETF during the 3rd quarter valued at approximately $44,000. Finally, Cloud Capital Management LLC bought a new position in iShares S&P 500 Value ETF during the 3rd quarter worth $45,000.

iShares S&P 500 Value ETF Price Performance

Shares of NYSEARCA IVE opened at $216.24 on Friday. The firm has a market capitalization of $48.85 billion, a PE ratio of 20.70 and a beta of 0.89. The business’s fifty day moving average price is $218.11 and its two-hundred day moving average price is $211.29. iShares S&P 500 Value ETF has a 1-year low of $165.45 and a 1-year high of $223.05.

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.