SFI Advisors LLC Sells 1,671 Shares of iShares S&P 500 Value ETF $IVE

SFI Advisors LLC decreased its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,871 shares of the company’s stock after selling 1,671 shares during the period. iShares S&P 500 Value ETF accounts for 4.2% of SFI Advisors LLC’s investment portfolio, making the stock its 7th largest holding. SFI Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $6,033,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IVE. Harbor Asset Planning Inc. acquired a new position in iShares S&P 500 Value ETF in the second quarter valued at $30,000. Nemes Rush Group LLC increased its position in shares of iShares S&P 500 Value ETF by 625.0% during the first quarter. Nemes Rush Group LLC now owns 174 shares of the company’s stock worth $33,000 after purchasing an additional 150 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the first quarter worth about $33,000. Ryan Investment Management Inc. purchased a new stake in shares of iShares S&P 500 Value ETF in the 2nd quarter valued at about $36,000. Finally, Atwood & Palmer Inc. acquired a new stake in shares of iShares S&P 500 Value ETF in the 2nd quarter valued at about $38,000.

iShares S&P 500 Value ETF Stock Down 1.1%

NYSEARCA:IVE opened at $207.38 on Tuesday. The stock’s 50 day moving average price is $206.88 and its 200 day moving average price is $199.31. The company has a market capitalization of $42.30 billion, a PE ratio of 20.70 and a beta of 0.89. iShares S&P 500 Value ETF has a 52-week low of $165.45 and a 52-week high of $212.54.

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.