iShares S&P 500 Value ETF (NYSEARCA:IVE) Shares Sold by Traynor Capital Management Inc.

Traynor Capital Management Inc. decreased its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,151 shares of the company’s stock after selling 589 shares during the quarter. iShares S&P 500 Value ETF accounts for about 0.7% of Traynor Capital Management Inc.’s investment portfolio, making the stock its 18th largest holding. Traynor Capital Management Inc.’s holdings in iShares S&P 500 Value ETF were worth $12,254,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Aviance Capital Partners LLC bought a new stake in iShares S&P 500 Value ETF in the first quarter valued at $204,000. Diversified Trust Co lifted its stake in iShares S&P 500 Value ETF by 3.9% in the first quarter. Diversified Trust Co now owns 3,335 shares of the company’s stock valued at $623,000 after buying an additional 124 shares during the last quarter. Claro Advisors LLC lifted its stake in iShares S&P 500 Value ETF by 2.0% in the first quarter. Claro Advisors LLC now owns 3,033 shares of the company’s stock valued at $567,000 after buying an additional 60 shares during the last quarter. Integrity Wealth Solutions LLC lifted its stake in iShares S&P 500 Value ETF by 5.7% in the first quarter. Integrity Wealth Solutions LLC now owns 2,118 shares of the company’s stock valued at $396,000 after buying an additional 114 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its stake in iShares S&P 500 Value ETF by 0.7% in the first quarter. Valeo Financial Advisors LLC now owns 17,470 shares of the company’s stock valued at $3,264,000 after buying an additional 114 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

IVE stock opened at $197.31 on Tuesday. The stock has a market capitalization of $35.35 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 1 year low of $148.33 and a 1 year high of $201.08. The stock’s fifty day moving average is $195.77 and its two-hundred day moving average is $187.88.

About iShares S&P 500 Value ETF

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.