Spectrum Wealth Counsel LLC Reduces Stock Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Spectrum Wealth Counsel LLC reduced its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.2% in the fourth quarter, Holdings Channel reports. The firm owned 65,838 shares of the company’s stock after selling 2,196 shares during the period. iShares S&P 500 Value ETF accounts for approximately 1.5% of Spectrum Wealth Counsel LLC’s holdings, making the stock its 16th largest position. Spectrum Wealth Counsel LLC’s holdings in iShares S&P 500 Value ETF were worth $12,567,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in iShares S&P 500 Value ETF by 162.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,017 shares of the company’s stock valued at $396,000 after purchasing an additional 1,248 shares during the period. Integrated Advisors Network LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the 3rd quarter worth approximately $245,000. Reston Wealth Management LLC purchased a new stake in iShares S&P 500 Value ETF in the 3rd quarter valued at about $74,000. Forte Asset Management LLC boosted its position in shares of iShares S&P 500 Value ETF by 25.6% during the third quarter. Forte Asset Management LLC now owns 48,854 shares of the company’s stock worth $9,632,000 after buying an additional 9,949 shares during the period. Finally, Principal Securities Inc. grew its holdings in shares of iShares S&P 500 Value ETF by 6.3% in the third quarter. Principal Securities Inc. now owns 127,004 shares of the company’s stock valued at $25,041,000 after purchasing an additional 7,554 shares in the last quarter.

iShares S&P 500 Value ETF Stock Up 1.3 %

NYSEARCA IVE opened at $197.20 on Friday. iShares S&P 500 Value ETF has a 52 week low of $176.09 and a 52 week high of $206.63. The stock has a market capitalization of $35.97 billion, a PE ratio of 22.47 and a beta of 0.95. The firm has a 50 day moving average of $194.49 and a two-hundred day moving average of $196.16.

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.