iShares S&P 500 Value ETF (NYSEARCA:IVE) Shares Sold by Covenant Partners LLC

Covenant Partners LLC lessened its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 14.3% in the 3rd quarter, Holdings Channel reports. The firm owned 997 shares of the company’s stock after selling 167 shares during the period. Covenant Partners LLC’s holdings in iShares S&P 500 Value ETF were worth $197,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in IVE. PFG Investments LLC grew its stake in shares of iShares S&P 500 Value ETF by 63.5% in the third quarter. PFG Investments LLC now owns 6,378 shares of the company’s stock valued at $1,258,000 after buying an additional 2,476 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in iShares S&P 500 Value ETF by 8.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 5,605 shares of the company’s stock valued at $1,105,000 after acquiring an additional 437 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in iShares S&P 500 Value ETF by 162.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,017 shares of the company’s stock valued at $396,000 after acquiring an additional 1,248 shares in the last quarter. Tenon Financial LLC purchased a new stake in iShares S&P 500 Value ETF during the third quarter worth about $234,000. Finally, Sigma Investment Counselors Inc. lifted its position in shares of iShares S&P 500 Value ETF by 2.0% during the third quarter. Sigma Investment Counselors Inc. now owns 12,544 shares of the company’s stock worth $2,473,000 after purchasing an additional 241 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

Shares of IVE stock traded down $1.47 during trading on Friday, reaching $196.32. The company’s stock had a trading volume of 966,985 shares, compared to its average volume of 682,731. iShares S&P 500 Value ETF has a 1-year low of $147.23 and a 1-year high of $201.08. The stock’s 50-day moving average price is $195.65 and its 200 day moving average price is $187.70. The company has a market capitalization of $35.17 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

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.