Spire Wealth Management Cuts Stock Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Spire Wealth Management decreased its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 144,858 shares of the company’s stock after selling 5,270 shares during the period. iShares S&P 500 Value ETF accounts for about 0.9% of Spire Wealth Management’s holdings, making the stock its 22nd largest position. Spire Wealth Management’s holdings in iShares S&P 500 Value ETF were worth $25,042,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Dakota Wealth Management acquired a new position in iShares S&P 500 Value ETF during the 3rd quarter worth $204,000. Bank of New York Mellon Corp increased its stake in shares of iShares S&P 500 Value ETF by 4.1% during the third quarter. Bank of New York Mellon Corp now owns 61,311 shares of the company’s stock worth $9,432,000 after buying an additional 2,420 shares during the period. KFA Private Wealth Group LLC lifted its stake in iShares S&P 500 Value ETF by 3.0% in the third quarter. KFA Private Wealth Group LLC now owns 48,568 shares of the company’s stock worth $7,472,000 after acquiring an additional 1,418 shares during the last quarter. First Merchants Corp lifted its stake in iShares S&P 500 Value ETF by 0.9% in the third quarter. First Merchants Corp now owns 89,478 shares of the company’s stock worth $13,765,000 after acquiring an additional 795 shares during the last quarter. Finally, Park Avenue Securities LLC grew its holdings in iShares S&P 500 Value ETF by 2.5% during the 3rd quarter. Park Avenue Securities LLC now owns 63,799 shares of the company’s stock worth $9,815,000 after acquiring an additional 1,555 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA:IVE traded up $0.96 during trading hours on Friday, reaching $180.32. The stock had a trading volume of 762,738 shares, compared to its average volume of 949,120. iShares S&P 500 Value ETF has a 1 year low of $147.23 and a 1 year high of $187.24. The firm’s 50 day moving average is $181.52 and its 200-day moving average is $172.79. The stock has a market capitalization of $32.30 billion, a price-to-earnings ratio of 23.38 and a beta of 0.84.

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.