iShares S&P 500 Value ETF (NYSEARCA:IVE) Shares Sold by Valmark Advisers Inc.

Valmark Advisers Inc. cut its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 312,314 shares of the company’s stock after selling 9,866 shares during the quarter. iShares S&P 500 Value ETF comprises 0.9% of Valmark Advisers Inc.’s investment portfolio, making the stock its 24th biggest position. Valmark Advisers Inc. owned about 0.17% of iShares S&P 500 Value ETF worth $59,614,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in iShares S&P 500 Value ETF by 100.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the company’s stock valued at $29,000 after purchasing an additional 76 shares during the last quarter. Kentucky Trust Co acquired a new position in iShares S&P 500 Value ETF in the 4th quarter valued at about $29,000. Northwest Investment Counselors LLC acquired a new position in iShares S&P 500 Value ETF in the 3rd quarter valued at about $31,000. Valued Wealth Advisors LLC acquired a new position in iShares S&P 500 Value ETF in the 3rd quarter valued at about $35,000. Finally, Perkins Coie Trust Co acquired a new position in iShares S&P 500 Value ETF in the 4th quarter valued at about $35,000.

iShares S&P 500 Value ETF Price Performance

NYSEARCA:IVE opened at $196.62 on Friday. The firm has a market capitalization of $35.22 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. The company’s 50-day moving average is $194.31 and its two-hundred day moving average is $195.46. iShares S&P 500 Value ETF has a 1-year low of $175.71 and a 1-year high of $206.63.

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.