Brave Asset Management Inc. Has $2.42 Million Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Brave Asset Management Inc. reduced its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 19.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,917 shares of the company’s stock after selling 3,280 shares during the period. iShares S&P 500 Value ETF makes up about 0.7% of Brave Asset Management Inc.’s portfolio, making the stock its 19th biggest holding. Brave Asset Management Inc.’s holdings in iShares S&P 500 Value ETF were worth $2,420,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in IVE. Ironwood Wealth Management LLC. lifted its holdings in iShares S&P 500 Value ETF by 4.5% during the 1st quarter. Ironwood Wealth Management LLC. now owns 100,433 shares of the company’s stock worth $15,853,000 after purchasing an additional 4,361 shares during the last quarter. Axiom Financial Strategies LLC acquired a new stake in iShares S&P 500 Value ETF during the 1st quarter worth approximately $286,000. Retirement Income Solutions Inc lifted its holdings in iShares S&P 500 Value ETF by 10.6% during the 1st quarter. Retirement Income Solutions Inc now owns 15,400 shares of the company’s stock worth $2,398,000 after purchasing an additional 1,473 shares during the last quarter. Blair William & Co. IL lifted its holdings in iShares S&P 500 Value ETF by 17.0% during the 1st quarter. Blair William & Co. IL now owns 10,240 shares of the company’s stock worth $1,595,000 after purchasing an additional 1,485 shares during the last quarter. Finally, Prudential PLC acquired a new stake in iShares S&P 500 Value ETF during the 1st quarter worth approximately $389,000.

iShares S&P 500 Value ETF Price Performance

iShares S&P 500 Value ETF stock traded up $0.66 during mid-day trading on Thursday, reaching $186.77. 715,969 shares of the company were exchanged, compared to its average volume of 1,067,537. The company has a fifty day simple moving average of $178.49 and a 200-day simple moving average of $167.96. iShares S&P 500 Value ETF has a 12 month low of $147.23 and a 12 month high of $187.24. The firm has a market cap of $29.53 billion, a PE ratio of 15.85 and a beta of 0.94.

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.