Mount Yale Investment Advisors LLC Sells 1,099 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Mount Yale Investment Advisors LLC reduced its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 6.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 16,889 shares of the company’s stock after selling 1,099 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $3,074,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IVE. BKM Wealth Management LLC raised its holdings in iShares S&P 500 Value ETF by 2.9% in the 1st quarter. BKM Wealth Management LLC now owns 63,882 shares of the company’s stock worth $11,934,000 after purchasing an additional 1,802 shares in the last quarter. Focus Financial Network Inc. ADV bought a new position in iShares S&P 500 Value ETF in the 4th quarter worth $7,322,000. Sutton Place Investors LLC raised its holdings in iShares S&P 500 Value ETF by 9.3% in the 2nd quarter. Sutton Place Investors LLC now owns 5,704 shares of the company’s stock worth $1,038,000 after purchasing an additional 483 shares in the last quarter. HCR Wealth Advisors bought a new position in iShares S&P 500 Value ETF in the 4th quarter worth $378,000. Finally, Wescott Financial Advisory Group LLC grew its position in shares of iShares S&P 500 Value ETF by 5.1% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 24,843 shares of the company’s stock worth $4,320,000 after buying an additional 1,206 shares during the period.

iShares S&P 500 Value ETF Price Performance

NYSEARCA:IVE opened at $196.26 on Friday. The firm’s 50-day moving average price is $190.63 and its 200-day moving average price is $185.31. The company has a market capitalization of $35.16 billion, a PE ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 1-year low of $147.23 and a 1-year high of $197.39.

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.