Saiph Capital LLC Sells 2,371 Shares of iShares S&P 500 Value ETF $IVE

Saiph Capital LLC reduced its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 87,972 shares of the company’s stock after selling 2,371 shares during the quarter. iShares S&P 500 Value ETF accounts for 5.5% of Saiph Capital LLC’s holdings, making the stock its 7th largest holding. Saiph Capital LLC’s holdings in iShares S&P 500 Value ETF were worth $17,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of IVE. Graney & King LLC boosted its position in iShares S&P 500 Value ETF by 22.5% during the first quarter. Graney & King LLC now owns 316 shares of the company’s stock worth $60,000 after acquiring an additional 58 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake in shares of iShares S&P 500 Value ETF by 0.3% during the 2nd quarter. Harbor Investment Advisory LLC now owns 20,113 shares of the company’s stock worth $3,930,000 after purchasing an additional 59 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of iShares S&P 500 Value ETF by 2.2% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,749 shares of the company’s stock worth $537,000 after purchasing an additional 59 shares during the last quarter. Seneca House Advisors grew its position in shares of iShares S&P 500 Value ETF by 0.4% in the second quarter. Seneca House Advisors now owns 15,246 shares of the company’s stock valued at $2,979,000 after purchasing an additional 62 shares during the period. Finally, Pinnacle Associates Ltd. grew its position in shares of iShares S&P 500 Value ETF by 0.8% in the second quarter. Pinnacle Associates Ltd. now owns 8,323 shares of the company’s stock valued at $1,626,000 after purchasing an additional 62 shares during the period.

iShares S&P 500 Value ETF Trading Down 0.2%

iShares S&P 500 Value ETF stock opened at $212.17 on Friday. The stock has a fifty day moving average price of $208.25 and a 200 day moving average price of $201.13. iShares S&P 500 Value ETF has a 52 week low of $165.45 and a 52 week high of $212.76. The firm has a market capitalization of $43.27 billion, a P/E ratio of 20.70 and a beta of 0.89.

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.