Gradient Capital Advisors LLC Trims Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Gradient Capital Advisors LLC cut its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 6.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,590 shares of the company’s stock after selling 169 shares during the quarter. Gradient Capital Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $494,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in iShares S&P 500 Value ETF by 100.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the company’s stock valued at $29,000 after buying an additional 76 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of iShares S&P 500 Value ETF in the 3rd quarter worth approximately $31,000. Valued Wealth Advisors LLC purchased a new position in shares of iShares S&P 500 Value ETF during the 3rd quarter worth approximately $35,000. Perkins Coie Trust Co acquired a new stake in iShares S&P 500 Value ETF in the 4th quarter valued at approximately $35,000. Finally, Copley Financial Group Inc. purchased a new stake in iShares S&P 500 Value ETF in the third quarter valued at approximately $36,000.

iShares S&P 500 Value ETF Stock Up 0.5 %

IVE opened at $196.23 on Wednesday. iShares S&P 500 Value ETF has a 52 week low of $173.01 and a 52 week high of $206.63. The business has a fifty day simple moving average of $194.82 and a 200-day simple moving average of $195.32. The firm has a market cap of $35.15 billion, a P/E ratio of 23.79 and a beta of 0.81.

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.