iShares S&P 500 Value ETF $IVE Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC cut its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 8.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,575 shares of the company’s stock after selling 2,217 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $5,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in IVE. Simplex Trading LLC purchased a new position in iShares S&P 500 Value ETF during the fourth quarter worth about $25,000. Hilton Head Capital Partners LLC acquired a new stake in iShares S&P 500 Value ETF during the fourth quarter worth $25,000. Decker Retirement Planning Inc. acquired a new stake in iShares S&P 500 Value ETF during the fourth quarter worth $26,000. United Services Automobile Association purchased a new stake in iShares S&P 500 Value ETF in the 2nd quarter valued at about $26,000. Finally, Palisade Asset Management LLC purchased a new stake in iShares S&P 500 Value ETF in the 3rd quarter valued at about $29,000.

iShares S&P 500 Value ETF Price Performance

Shares of IVE stock opened at $230.49 on Monday. The firm has a market cap of $48.63 billion, a PE ratio of 20.70 and a beta of 0.82. The company has a 50-day moving average of $226.88 and a two-hundred day moving average of $220.16. iShares S&P 500 Value ETF has a 1-year low of $193.90 and a 1-year high of $232.28.

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. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.