Pettinga Financial Advisors LLC Sells 27,378 Shares of iShares S&P 500 Value ETF $IVE

by · The Markets Daily

Pettinga Financial Advisors LLC reduced its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 18.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,132 shares of the company’s stock after selling 27,378 shares during the quarter. iShares S&P 500 Value ETF comprises about 4.4% of Pettinga Financial Advisors LLC’s portfolio, making the stock its 5th biggest position. Pettinga Financial Advisors LLC owned 0.06% of iShares S&P 500 Value ETF worth $27,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Simplex Trading LLC acquired a new position in iShares S&P 500 Value ETF during the 4th quarter worth $25,000. RMG Wealth Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the 1st quarter valued at $27,000. Hilton Head Capital Partners LLC bought a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter worth $25,000. Decker Retirement Planning Inc. bought a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter worth $26,000. Finally, United Services Automobile Association bought a new stake in shares of iShares S&P 500 Value ETF during the second quarter worth $26,000.

iShares S&P 500 Value ETF Price Performance

Shares of IVE opened at $235.78 on Monday. The stock’s fifty day simple moving average is $229.51 and its 200-day simple moving average is $222.56. The firm has a market capitalization of $49.83 billion, a PE ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 12-month low of $197.66 and a 12-month high of $236.39.

About iShares S&P 500 Value ETF

(Free Report)

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.

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