Total Investment Management Inc. Reduces Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Total Investment Management Inc. reduced its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,179 shares of the company’s stock after selling 243 shares during the period. iShares S&P 500 Value ETF comprises 0.3% of Total Investment Management Inc.’s portfolio, making the stock its 18th largest position. Total Investment Management Inc.’s holdings in iShares S&P 500 Value ETF were worth $2,275,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vima LLC purchased a new position in shares of iShares S&P 500 Value ETF during the 4th quarter valued at approximately $27,000. Northwest Investment Counselors LLC bought a new position in iShares S&P 500 Value ETF during the 1st quarter valued at $29,000. First Pacific Financial acquired a new position in iShares S&P 500 Value ETF during the 4th quarter worth $30,000. Sound Income Strategies LLC bought a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter worth about $35,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter worth about $35,000.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE stock traded up $0.18 during trading hours on Friday, hitting $182.01. 426,125 shares of the company were exchanged, compared to its average volume of 800,868. The stock has a market capitalization of $32.61 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a one year low of $147.23 and a one year high of $187.24. The business’s 50-day simple moving average is $182.48 and its two-hundred day simple moving average is $179.24.

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.