Valmark Advisers Inc. Lowers Stock Position in iShares S&P 500 Value ETF $IVE

Valmark Advisers Inc. cut its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 285,652 shares of the company’s stock after selling 10,191 shares during the quarter. iShares S&P 500 Value ETF makes up 0.7% of Valmark Advisers Inc.’s portfolio, making the stock its 28th largest holding. Valmark Advisers Inc.’s holdings in iShares S&P 500 Value ETF were worth $60,578,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. REAP Financial Group LLC boosted its holdings in iShares S&P 500 Value ETF by 9.7% during the third quarter. REAP Financial Group LLC now owns 542 shares of the company’s stock worth $112,000 after buying an additional 48 shares in the last quarter. Dumont & Blake Investment Advisors LLC boosted its holdings in iShares S&P 500 Value ETF by 0.5% during the third quarter. Dumont & Blake Investment Advisors LLC now owns 10,795 shares of the company’s stock worth $2,229,000 after buying an additional 49 shares in the last quarter. Bernardo Wealth Planning LLC boosted its holdings in iShares S&P 500 Value ETF by 0.5% during the fourth quarter. Bernardo Wealth Planning LLC now owns 9,495 shares of the company’s stock worth $2,014,000 after buying an additional 49 shares in the last quarter. Signal Advisors Wealth LLC boosted its holdings in iShares S&P 500 Value ETF by 0.6% during the third quarter. Signal Advisors Wealth LLC now owns 9,010 shares of the company’s stock worth $1,861,000 after buying an additional 51 shares in the last quarter. Finally, Mainstream Capital Management LLC boosted its holdings in iShares S&P 500 Value ETF by 4.7% during the fourth quarter. Mainstream Capital Management LLC now owns 1,164 shares of the company’s stock worth $247,000 after buying an additional 52 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA IVE opened at $217.55 on Wednesday. The company’s fifty day moving average price is $216.16 and its 200 day moving average price is $213.04. iShares S&P 500 Value ETF has a 1 year low of $172.13 and a 1 year high of $223.05. The company has a market capitalization of $47.99 billion, a PE ratio of 20.70 and a beta of 0.85.

About iShares S&P 500 Value ETF

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.