D.A. Davidson & CO. Has $3.28 Million Position in iShares S&P 500 Value ETF $IVE

D.A. Davidson & CO. lowered its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.3% in the second quarter, HoldingsChannel.com reports. The firm owned 16,803 shares of the company’s stock after selling 575 shares during the quarter. D.A. Davidson & CO.’s holdings in iShares S&P 500 Value ETF were worth $3,284,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Flow Traders U.S. LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the first quarter valued at approximately $7,724,000. Verdence Capital Advisors LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the first quarter valued at approximately $206,000. Geneos Wealth Management Inc. increased its holdings in shares of iShares S&P 500 Value ETF by 5.8% in the first quarter. Geneos Wealth Management Inc. now owns 45,091 shares of the company’s stock valued at $8,627,000 after purchasing an additional 2,477 shares in the last quarter. Telos Capital Management Inc. increased its holdings in shares of iShares S&P 500 Value ETF by 5.9% in the first quarter. Telos Capital Management Inc. now owns 16,987 shares of the company’s stock valued at $3,237,000 after purchasing an additional 940 shares in the last quarter. Finally, LVZ Inc. increased its holdings in shares of iShares S&P 500 Value ETF by 2.0% in the second quarter. LVZ Inc. now owns 449,606 shares of the company’s stock valued at $87,862,000 after purchasing an additional 8,641 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

IVE opened at $209.86 on Friday. The company has a fifty day moving average price of $204.84 and a two-hundred day moving average price of $195.58. iShares S&P 500 Value ETF has a 52 week low of $165.45 and a 52 week high of $210.37. The firm has a market capitalization of $42.59 billion, a PE ratio of 20.70 and a beta of 0.94.

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.