Spire Wealth Management Decreases Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Spire Wealth Management trimmed its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 144,858 shares of the company’s stock after selling 5,270 shares during the quarter. iShares S&P 500 Value ETF comprises approximately 0.9% of Spire Wealth Management’s portfolio, making the stock its 22nd biggest position. Spire Wealth Management owned about 0.09% of iShares S&P 500 Value ETF worth $25,042,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of IVE. International Assets Investment Management LLC raised its holdings in shares of iShares S&P 500 Value ETF by 17,397.0% during the fourth 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 last quarter. Charles Schwab Investment Management Inc. purchased a new stake in iShares S&P 500 Value ETF during the 3rd quarter valued at $93,051,000. Calamos Wealth Management LLC lifted its holdings in shares of iShares S&P 500 Value ETF by 778.4% during 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 during the period. Comerica Bank purchased a new position in shares of iShares S&P 500 Value ETF in the 3rd quarter worth $62,554,000. Finally, Corient Private Wealth LLC grew its holdings in shares of iShares S&P 500 Value ETF by 1,513.6% in the third quarter. Corient Private Wealth LLC now owns 379,169 shares of the company’s stock worth $58,331,000 after acquiring an additional 355,670 shares during the period.

iShares S&P 500 Value ETF Price Performance

iShares S&P 500 Value ETF stock traded up $0.96 during mid-day trading on Friday, reaching $180.32. 762,738 shares of the stock traded hands, compared to its average volume of 949,120. iShares S&P 500 Value ETF has a 12-month low of $147.23 and a 12-month high of $187.24. The business’s 50-day moving average is $181.52 and its 200-day moving average is $172.79. The stock has a market capitalization of $32.30 billion, a PE ratio of 23.38 and a beta of 0.84.

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.