iShares S&P 500 Value ETF (NYSEARCA:IVE) Shares Sold by Summit Asset Management LLC

Summit Asset Management LLC cut its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,072 shares of the company’s stock after selling 90 shares during the quarter. Summit Asset Management LLC’s holdings in iShares S&P 500 Value ETF were worth $882,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in IVE. International Assets Investment Management LLC increased its holdings in shares of iShares S&P 500 Value ETF by 17,397.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,119,109 shares of the company’s stock valued at $194,602,000 after purchasing an additional 1,112,713 shares during the period. Charles Schwab Investment Management Inc. bought a new stake in shares of iShares S&P 500 Value ETF in the 3rd quarter valued at approximately $93,051,000. Calamos Wealth Management LLC boosted its stake in iShares S&P 500 Value ETF by 778.4% in the 4th quarter. Calamos Wealth Management LLC now owns 472,801 shares of the company’s stock valued at $82,215,000 after buying an additional 418,976 shares in the last quarter. Comerica Bank bought a new stake in shares of iShares S&P 500 Value ETF in the 3rd quarter worth about $62,554,000. Finally, Corient Private Wealth LLC increased its holdings in shares of iShares S&P 500 Value ETF by 1,513.6% during the third quarter. Corient Private Wealth LLC now owns 379,169 shares of the company’s stock worth $58,331,000 after buying an additional 355,670 shares in the last quarter.

iShares S&P 500 Value ETF Trading Up 0.2 %

Shares of IVE traded up $0.44 on Thursday, reaching $178.80. 562,968 shares of the company’s stock were exchanged, compared to its average volume of 945,876. The business has a 50 day moving average price of $181.50 and a two-hundred day moving average price of $172.31. The stock has a market capitalization of $32.03 billion, a P/E ratio of 23.38 and a beta of 0.84. iShares S&P 500 Value ETF has a 12 month low of $147.23 and a 12 month high of $187.24.

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.