Salomon & Ludwin LLC Sells 11,677 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Salomon & Ludwin LLC decreased its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 205,016 shares of the company’s stock after selling 11,677 shares during the quarter. iShares S&P 500 Value ETF accounts for about 4.1% of Salomon & Ludwin LLC’s holdings, making the stock its 7th biggest holding. Salomon & Ludwin LLC’s holdings in iShares S&P 500 Value ETF were worth $39,133,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aveo Capital Partners LLC raised its stake in shares of iShares S&P 500 Value ETF by 3.8% in the 4th quarter. Aveo Capital Partners LLC now owns 2,052 shares of the company’s stock worth $392,000 after buying an additional 75 shares in the last quarter. WealthPlan Investment Management LLC increased its position in shares of iShares S&P 500 Value ETF by 4.2% in the fourth quarter. WealthPlan Investment Management LLC now owns 84,997 shares of the company’s stock worth $16,224,000 after acquiring an additional 3,453 shares in the last quarter. Scarborough Advisors LLC raised its stake in iShares S&P 500 Value ETF by 3.2% during the 4th quarter. Scarborough Advisors LLC now owns 37,725 shares of the company’s stock valued at $7,201,000 after purchasing an additional 1,171 shares during the period. PUREfi Wealth LLC purchased a new stake in iShares S&P 500 Value ETF in the 4th quarter worth about $204,000. Finally, Quadrant Private Wealth Management LLC lifted its position in shares of iShares S&P 500 Value ETF by 3.5% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 35,227 shares of the company’s stock worth $6,724,000 after purchasing an additional 1,178 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

Shares of IVE stock opened at $196.62 on Friday. The firm has a market cap of $35.22 billion, a P/E ratio of 23.79 and a beta of 0.81. The stock’s 50-day moving average is $194.42 and its two-hundred day moving average is $195.38. iShares S&P 500 Value ETF has a fifty-two week low of $175.71 and a fifty-two week high of $206.63.

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.