Royal Fund Management LLC Sells 3,181 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Royal Fund Management LLC lessened its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 50.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,149 shares of the company’s stock after selling 3,181 shares during the period. Royal Fund Management LLC’s holdings in iShares S&P 500 Value ETF were worth $602,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Hsbc Holdings PLC lifted its stake in shares of iShares S&P 500 Value ETF by 50.3% during the 2nd quarter. Hsbc Holdings PLC now owns 5,605 shares of the company’s stock worth $1,020,000 after acquiring an additional 1,875 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in iShares S&P 500 Value ETF by 92.6% in the second quarter. EverSource Wealth Advisors LLC now owns 4,483 shares of the company’s stock worth $855,000 after purchasing an additional 2,155 shares during the period. Semmax Financial Advisors Inc. lifted its position in shares of iShares S&P 500 Value ETF by 16.4% during the second quarter. Semmax Financial Advisors Inc. now owns 2,809 shares of the company’s stock worth $525,000 after purchasing an additional 396 shares during the last quarter. Wescott Financial Advisory Group LLC boosted its stake in shares of iShares S&P 500 Value ETF by 14.9% during the second quarter. Wescott Financial Advisory Group LLC now owns 29,757 shares of the company’s stock valued at $5,416,000 after purchasing an additional 3,861 shares during the period. Finally, Wick Capital Partners LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the second quarter valued at $778,000.

iShares S&P 500 Value ETF Price Performance

IVE stock opened at $195.66 on Wednesday. iShares S&P 500 Value ETF has a 12 month low of $172.85 and a 12 month high of $206.63. The firm’s 50-day moving average is $196.76 and its 200 day moving average is $194.23. The company has a market capitalization of $35.05 billion, a PE ratio of 23.79 and a beta of 0.81.

iShares S&P 500 Value ETF 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.