iShares S&P 500 Value ETF $IVE Stock: McKinley Carter Wealth Services Inc. Decreases Holdings

McKinley Carter Wealth Services Inc. reduced its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 66.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,798 shares of the company’s stock after selling 107,753 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in iShares S&P 500 Value ETF were worth $12,509,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of IVE. Bank of America Corp DE grew its position in shares of iShares S&P 500 Value ETF by 2.0% during the 1st quarter. Bank of America Corp DE now owns 9,457,775 shares of the company’s stock valued at $1,997,009,000 after acquiring an additional 182,358 shares during the period. Lido Advisors LLC increased its stake in shares of iShares S&P 500 Value ETF by 4.4% in the 1st quarter. Lido Advisors LLC now owns 1,944,079 shares of the company’s stock valued at $410,493,000 after purchasing an additional 81,088 shares in the last quarter. Royal Bank of Canada raised its holdings in iShares S&P 500 Value ETF by 3.6% in the 1st quarter. Royal Bank of Canada now owns 1,396,602 shares of the company’s stock worth $294,892,000 after purchasing an additional 48,869 shares during the period. Cassaday & Co Wealth Management LLC raised its holdings in iShares S&P 500 Value ETF by 3.8% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 1,197,963 shares of the company’s stock worth $252,950,000 after purchasing an additional 44,187 shares during the period. Finally, Sofi Wealth LLC raised its holdings in iShares S&P 500 Value ETF by 0.4% in the 1st quarter. Sofi Wealth LLC now owns 979,965 shares of the company’s stock worth $206,920,000 after purchasing an additional 4,340 shares during the period.

iShares S&P 500 Value ETF Price Performance

IVE stock traded down $0.20 during mid-day trading on Friday, reaching $235.46. 1,226,593 shares of the company’s stock were exchanged, compared to its average volume of 938,201. The company has a market cap of $49.82 billion, a price-to-earnings ratio of 20.70 and a beta of 0.83. The stock’s 50 day moving average is $234.41 and its 200 day moving average is $228.61. iShares S&P 500 Value ETF has a 12-month low of $203.15 and a 12-month high of $239.93.

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. 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.