Traynor Capital Management Inc. Sells 3,757 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Traynor Capital Management Inc. lessened its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,025 shares of the company’s stock after selling 3,757 shares during the quarter. iShares S&P 500 Value ETF makes up about 1.1% of Traynor Capital Management Inc.’s holdings, making the stock its 13th largest position. Traynor Capital Management Inc.’s holdings in iShares S&P 500 Value ETF were worth $12,334,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. QRG Capital Management Inc. bought a new position in shares of iShares S&P 500 Value ETF in the third quarter worth $210,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of iShares S&P 500 Value ETF by 176.3% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 594 shares of the company’s stock worth $91,000 after acquiring an additional 379 shares during the period. Personal CFO Solutions LLC grew its holdings in shares of iShares S&P 500 Value ETF by 5.9% during the 3rd quarter. Personal CFO Solutions LLC now owns 3,713 shares of the company’s stock worth $571,000 after acquiring an additional 206 shares during the period. Natixis Advisors L.P. boosted its position in shares of iShares S&P 500 Value ETF by 7.4% in the 3rd quarter. Natixis Advisors L.P. now owns 19,154 shares of the company’s stock worth $2,947,000 after purchasing an additional 1,313 shares in the last quarter. Finally, GSB Wealth Management LLC boosted its position in shares of iShares S&P 500 Value ETF by 4.6% in the 3rd quarter. GSB Wealth Management LLC now owns 10,906 shares of the company’s stock worth $1,678,000 after purchasing an additional 477 shares in the last quarter.

iShares S&P 500 Value ETF Trading Up 0.8 %

IVE stock traded up $1.54 during midday trading on Monday, hitting $184.20. The company’s stock had a trading volume of 350,955 shares, compared to its average volume of 813,361. The company has a market cap of $33.00 billion, a PE ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 12 month low of $147.23 and a 12 month high of $187.24. The firm’s 50-day moving average is $181.95 and its 200-day moving average is $178.87.

iShares S&P 500 Value ETF Company 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.