Summit Asset Management LLC Sells 90 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Summit Asset Management LLC reduced its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,072 shares of the company’s stock after selling 90 shares during the quarter. Summit Asset Management LLC’s holdings in iShares S&P 500 Value ETF were worth $882,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in IVE. Dakota Wealth Management purchased a new stake in shares of iShares S&P 500 Value ETF during the third quarter worth about $204,000. J.W. Cole Advisors Inc. raised its holdings in shares of iShares S&P 500 Value ETF by 0.7% in the third quarter. J.W. Cole Advisors Inc. now owns 67,089 shares of the company’s stock worth $10,321,000 after buying an additional 453 shares during the last quarter. Acas LLC lifted its stake in shares of iShares S&P 500 Value ETF by 19.3% during the third quarter. Acas LLC now owns 25,752 shares of the company’s stock worth $3,962,000 after buying an additional 4,163 shares during the period. Bank of New York Mellon Corp raised its stake in iShares S&P 500 Value ETF by 4.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 61,311 shares of the company’s stock worth $9,432,000 after acquiring an additional 2,420 shares during the last quarter. Finally, Catalyst Private Wealth LLC lifted its position in iShares S&P 500 Value ETF by 68.9% during the 3rd quarter. Catalyst Private Wealth LLC now owns 5,501 shares of the company’s stock worth $846,000 after acquiring an additional 2,244 shares during the period.

iShares S&P 500 Value ETF Price Performance

NYSEARCA:IVE traded up $0.44 during midday trading on Thursday, hitting $178.80. The company’s stock had a trading volume of 562,968 shares, compared to its average volume of 945,876. iShares S&P 500 Value ETF has a fifty-two week low of $147.23 and a fifty-two week high of $187.24. The firm’s 50 day moving average is $181.50 and its 200-day moving average is $172.31. The firm has a market cap of $32.03 billion, a P/E ratio of 23.38 and a beta of 0.84.

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.