Liberty Wealth Management LLC Decreases Stock Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Liberty Wealth Management LLC cut its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 86.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,660 shares of the company’s stock after selling 354,294 shares during the quarter. iShares S&P 500 Value ETF accounts for approximately 1.9% of Liberty Wealth Management LLC’s holdings, making the stock its 16th largest position. Liberty Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $11,368,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Northwest Investment Counselors LLC bought a new position in shares of 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 3rd quarter valued at about $35,000. Addison Advisors LLC lifted its stake in iShares S&P 500 Value ETF by 50.0% during the 2nd quarter. Addison Advisors LLC now owns 279 shares of the company’s stock valued at $51,000 after acquiring an additional 93 shares during the period. TruNorth Capital Management LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the 2nd quarter valued at about $65,000. Finally, Avondale Wealth Management grew its stake in shares of iShares S&P 500 Value ETF by 24.8% in the second quarter. Avondale Wealth Management now owns 362 shares of the company’s stock worth $66,000 after acquiring an additional 72 shares during the period.

iShares S&P 500 Value ETF Stock Up 0.6 %

IVE opened at $201.82 on Friday. iShares S&P 500 Value ETF has a twelve month low of $155.79 and a twelve month high of $202.44. The firm has a 50 day moving average price of $196.49 and a 200-day moving average price of $188.96. The stock has a market capitalization of $36.16 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

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.