iShares S&P 500 Value ETF $IVE Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC cut its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 51.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 117,200 shares of the company’s stock after selling 126,710 shares during the quarter. iShares S&P 500 Value ETF accounts for about 1.6% of Frank Rimerman Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Frank Rimerman Advisors LLC owned about 0.06% of iShares S&P 500 Value ETF worth $24,203,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. United Services Automobile Association bought a new stake in shares of iShares S&P 500 Value ETF during the 2nd quarter valued at about $26,000. Harbor Asset Planning Inc. bought a new position in iShares S&P 500 Value ETF in the second quarter worth about $30,000. Tripletail Wealth Management LLC acquired a new position in iShares S&P 500 Value ETF in the third quarter valued at approximately $37,000. Rossmore Private Capital bought a new position in shares of iShares S&P 500 Value ETF during the third quarter valued at approximately $44,000. Finally, Cloud Capital Management LLC bought a new position in shares of iShares S&P 500 Value ETF during the third quarter valued at approximately $45,000.

iShares S&P 500 Value ETF Trading Up 0.3%

Shares of NYSEARCA IVE opened at $217.24 on Friday. iShares S&P 500 Value ETF has a 12-month low of $165.45 and a 12-month high of $218.44. The company has a market cap of $49.14 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89. The stock’s 50 day simple moving average is $213.92 and its 200 day simple moving average is $207.44.

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. 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.