Financial Enhancement Group LLC Lowers Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Financial Enhancement Group LLC reduced its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 23.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 39,813 shares of the company’s stock after selling 12,304 shares during the period. iShares S&P 500 Value ETF comprises approximately 1.4% of Financial Enhancement Group LLC’s holdings, making the stock its 23rd largest position. Financial Enhancement Group LLC’s holdings in iShares S&P 500 Value ETF were worth $7,850,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in IVE. Graypoint LLC raised its position in iShares S&P 500 Value ETF by 37.4% in the third quarter. Graypoint LLC now owns 86,410 shares of the company’s stock worth $17,037,000 after acquiring an additional 23,501 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC acquired a new position in shares of iShares S&P 500 Value ETF during the 3rd quarter worth $1,100,000. Forte Capital LLC ADV purchased a new position in shares of iShares S&P 500 Value ETF in the 3rd quarter valued at about $664,000. Concurrent Investment Advisors LLC lifted its stake in shares of iShares S&P 500 Value ETF by 5.1% in the third quarter. Concurrent Investment Advisors LLC now owns 42,776 shares of the company’s stock valued at $8,434,000 after purchasing an additional 2,084 shares during the period. Finally, Maia Wealth LLC boosted its holdings in iShares S&P 500 Value ETF by 16.1% during the third quarter. Maia Wealth LLC now owns 24,473 shares of the company’s stock worth $4,841,000 after buying an additional 3,398 shares in the last quarter.

iShares S&P 500 Value ETF Trading Up 2.5 %

Shares of IVE opened at $201.19 on Thursday. iShares S&P 500 Value ETF has a twelve month low of $155.79 and a twelve month high of $201.49. The firm has a market capitalization of $36.04 billion, a P/E ratio of 23.79 and a beta of 0.81. The firm’s 50-day moving average is $196.26 and its two-hundred day moving average is $188.73.

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.