Segment Wealth Management LLC Cuts Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Segment Wealth Management LLC reduced its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 10.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,194 shares of the company’s stock after selling 140 shares during the period. Segment Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $228,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IVE. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of iShares S&P 500 Value ETF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the company’s stock worth $29,000 after acquiring an additional 76 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in iShares S&P 500 Value ETF during the third quarter valued at $31,000. Valued Wealth Advisors LLC bought a new position in iShares S&P 500 Value ETF during the third quarter valued at $35,000. Perkins Coie Trust Co purchased a new position in shares of iShares S&P 500 Value ETF in the 4th quarter worth $35,000. Finally, Copley Financial Group Inc. bought a new stake in shares of iShares S&P 500 Value ETF in the 3rd quarter worth about $36,000.

iShares S&P 500 Value ETF Trading Up 0.8 %

Shares of NYSEARCA:IVE opened at $195.66 on Wednesday. The company has a market cap of $35.05 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 12 month low of $172.85 and a 12 month high of $206.63. The company has a 50-day moving average price of $196.76 and a 200 day moving average price of $194.23.

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.