D.A. Davidson & CO. Lowers Stock Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

D.A. Davidson & CO. cut its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 0.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 17,724 shares of the company’s stock after selling 157 shares during the period. D.A. Davidson & CO.’s holdings in iShares S&P 500 Value ETF were worth $3,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Chesapeake Wealth Management lifted its holdings in shares of iShares S&P 500 Value ETF by 3.8% during the third quarter. Chesapeake Wealth Management now owns 1,382 shares of the company’s stock worth $272,000 after purchasing an additional 50 shares during the period. CGN Advisors LLC lifted its holdings in iShares S&P 500 Value ETF by 3.0% in the second quarter. CGN Advisors LLC now owns 1,860 shares of the company’s stock valued at $339,000 after acquiring an additional 55 shares during the period. Capital Square LLC lifted its holdings in iShares S&P 500 Value ETF by 1.3% in the second quarter. Capital Square LLC now owns 4,339 shares of the company’s stock valued at $816,000 after acquiring an additional 55 shares during the period. HighMark Wealth Management LLC lifted its holdings in iShares S&P 500 Value ETF by 0.7% in the second quarter. HighMark Wealth Management LLC now owns 8,208 shares of the company’s stock valued at $1,494,000 after acquiring an additional 56 shares during the period. Finally, GDS Wealth Management lifted its holdings in iShares S&P 500 Value ETF by 3.3% in the third quarter. GDS Wealth Management now owns 1,765 shares of the company’s stock valued at $348,000 after acquiring an additional 56 shares during the period.

iShares S&P 500 Value ETF Stock Up 0.1 %

NYSEARCA:IVE opened at $205.50 on Friday. The company has a market capitalization of $36.82 billion, a PE ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 52-week low of $163.68 and a 52-week high of $206.47. The stock has a fifty day simple moving average of $198.77 and a 200-day simple moving average of $191.04.

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.