iShares S&P 500 Value ETF $IVE Stock Holdings Decreased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC lowered its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 51.9% in the third quarter, Holdings Channel.com reports. The firm owned 117,200 shares of the company’s stock after selling 126,710 shares during the period. iShares S&P 500 Value ETF comprises approximately 1.6% of Frank Rimerman Advisors LLC’s investment portfolio, making the stock its 14th largest position. Frank Rimerman Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $24,203,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. United Services Automobile Association purchased a new position in iShares S&P 500 Value ETF during the 2nd quarter valued at about $26,000. Harbor Asset Planning Inc. purchased a new stake in shares of iShares S&P 500 Value ETF in the second quarter worth approximately $30,000. Tripletail Wealth Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the third quarter worth approximately $37,000. Rossmore Private Capital purchased a new position in iShares S&P 500 Value ETF during the third quarter valued at approximately $44,000. Finally, Cloud Capital Management LLC purchased a new position in iShares S&P 500 Value ETF during the third quarter valued at approximately $45,000.

iShares S&P 500 Value ETF Stock Up 0.3%

IVE stock opened at $217.24 on Friday. The company has a 50 day moving average of $213.92 and a two-hundred day moving average of $207.44. The company has a market cap of $49.14 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89. iShares S&P 500 Value ETF has a 12-month low of $165.45 and a 12-month high of $218.44.

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.