Beacon Financial Group Sells 184 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Beacon Financial Group cut its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,241 shares of the company’s stock after selling 184 shares during the period. Beacon Financial Group’s holdings in iShares S&P 500 Value ETF were worth $1,000,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IVE. Chesapeake Wealth Management increased its stake in iShares S&P 500 Value ETF by 3.8% during the 3rd quarter. Chesapeake Wealth Management now owns 1,382 shares of the company’s stock worth $272,000 after purchasing an additional 50 shares in the last quarter. West Coast Financial LLC increased its stake in iShares S&P 500 Value ETF by 0.3% during the 4th quarter. West Coast Financial LLC now owns 16,432 shares of the company’s stock worth $3,137,000 after purchasing an additional 53 shares in the last quarter. SWP Financial LLC increased its stake in iShares S&P 500 Value ETF by 0.4% during the 4th quarter. SWP Financial LLC now owns 12,799 shares of the company’s stock worth $2,443,000 after purchasing an additional 54 shares in the last quarter. GDS Wealth Management increased its stake in iShares S&P 500 Value ETF by 3.3% during the 3rd quarter. GDS Wealth Management now owns 1,765 shares of the company’s stock worth $348,000 after purchasing an additional 56 shares in the last quarter. Finally, Roble Belko & Company Inc increased its stake in iShares S&P 500 Value ETF by 0.5% during the 4th quarter. Roble Belko & Company Inc now owns 11,238 shares of the company’s stock worth $2,145,000 after purchasing an additional 57 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA IVE opened at $195.58 on Thursday. The business has a 50 day simple moving average of $194.67 and a 200 day simple moving average of $195.36. iShares S&P 500 Value ETF has a 52-week low of $173.01 and a 52-week high of $206.63. The stock has a market cap of $35.04 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

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.