Ballentine Capital Advisors Inc Trims Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Ballentine Capital Advisors Inc cut its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 9.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,907 shares of the company’s stock after selling 297 shares during the period. iShares S&P 500 Value ETF accounts for 0.3% of Ballentine Capital Advisors Inc’s portfolio, making the stock its 17th biggest position. Ballentine Capital Advisors Inc’s holdings in iShares S&P 500 Value ETF were worth $573,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Discipline Wealth Solutions LLC boosted its position in shares of iShares S&P 500 Value ETF by 93.6% during the third quarter. Discipline Wealth Solutions LLC now owns 4,533 shares of the company’s stock valued at $894,000 after purchasing an additional 2,192 shares in the last quarter. Soltis Investment Advisors LLC boosted its position in shares of iShares S&P 500 Value ETF by 1.4% during the third quarter. Soltis Investment Advisors LLC now owns 40,017 shares of the company’s stock valued at $7,890,000 after purchasing an additional 546 shares in the last quarter. Rehmann Capital Advisory Group boosted its position in shares of iShares S&P 500 Value ETF by 19.1% during the third quarter. Rehmann Capital Advisory Group now owns 556,304 shares of the company’s stock valued at $109,715,000 after purchasing an additional 89,196 shares in the last quarter. Hobbs Group Advisors LLC bought a new stake in shares of iShares S&P 500 Value ETF during the third quarter valued at approximately $40,000. Finally, Sunbelt Securities Inc. boosted its position in shares of iShares S&P 500 Value ETF by 6.3% during the third quarter. Sunbelt Securities Inc. now owns 41,448 shares of the company’s stock valued at $8,172,000 after purchasing an additional 2,458 shares in the last quarter.

iShares S&P 500 Value ETF Stock Down 0.4 %

NYSEARCA IVE opened at $200.04 on Wednesday. iShares S&P 500 Value ETF has a twelve month low of $167.14 and a twelve month high of $206.63. The firm has a market capitalization of $35.84 billion, a PE ratio of 23.79 and a beta of 0.81. The stock’s 50 day moving average is $199.73 and its 200 day moving average is $192.00.

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.