Tranquility Partners LLC Cuts Stock Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Tranquility Partners LLC reduced its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 6.1% during the 4th quarter, Holdings Channel reports. The fund owned 9,493 shares of the company’s stock after selling 622 shares during the quarter. Tranquility Partners LLC’s holdings in iShares S&P 500 Value ETF were worth $1,651,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of IVE. Diversified Portfolios Inc. increased its holdings in iShares S&P 500 Value ETF by 3.8% in the fourth quarter. Diversified Portfolios Inc. now owns 7,203 shares of the company’s stock valued at $1,253,000 after buying an additional 266 shares during the last quarter. Macroview Investment Management LLC increased its holdings in iShares S&P 500 Value ETF by 13.5% in the fourth quarter. Macroview Investment Management LLC now owns 1,328 shares of the company’s stock valued at $231,000 after buying an additional 158 shares during the last quarter. Wealth Alliance increased its holdings in iShares S&P 500 Value ETF by 57.2% in the fourth quarter. Wealth Alliance now owns 44,554 shares of the company’s stock valued at $7,747,000 after buying an additional 16,203 shares during the last quarter. Marino Stram & Associates LLC increased its holdings in iShares S&P 500 Value ETF by 5.2% in the fourth quarter. Marino Stram & Associates LLC now owns 4,452 shares of the company’s stock valued at $774,000 after buying an additional 219 shares during the last quarter. Finally, Flputnam Investment Management Co. increased its holdings in iShares S&P 500 Value ETF by 9.1% in the fourth quarter. Flputnam Investment Management Co. now owns 2,193 shares of the company’s stock valued at $381,000 after buying an additional 182 shares during the last quarter.

iShares S&P 500 Value ETF Trading Down 0.1 %

NYSEARCA:IVE traded down $0.12 during trading hours on Wednesday, hitting $176.58. The company’s stock had a trading volume of 869,976 shares, compared to its average volume of 1,003,067. The stock has a market capitalization of $31.69 billion, a P/E ratio of 23.70 and a beta of 0.87. The stock has a fifty day moving average of $180.85 and a 200-day moving average of $170.43. iShares S&P 500 Value ETF has a 52-week low of $147.23 and a 52-week high of $187.24.

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.