Financial Management Professionals Inc. Sells 602 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Financial Management Professionals Inc. cut its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Get Rating) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,869 shares of the company’s stock after selling 602 shares during the quarter. iShares S&P 500 Value ETF makes up 1.2% of Financial Management Professionals Inc.’s portfolio, making the stock its 22nd largest position. Financial Management Professionals Inc.’s holdings in iShares S&P 500 Value ETF were worth $5,929,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IVE. Lido Advisors LLC lifted its position in iShares S&P 500 Value ETF by 128.8% during the 1st quarter. Lido Advisors LLC now owns 1,178,301 shares of the company’s stock worth $183,485,000 after buying an additional 663,252 shares in the last quarter. Wells Fargo & Company MN lifted its position in iShares S&P 500 Value ETF by 3.3% during the 2nd quarter. Wells Fargo & Company MN now owns 9,228,222 shares of the company’s stock worth $1,268,512,000 after buying an additional 293,273 shares in the last quarter. Cetera Advisors LLC lifted its position in iShares S&P 500 Value ETF by 160.5% during the 2nd quarter. Cetera Advisors LLC now owns 349,061 shares of the company’s stock worth $47,982,000 after buying an additional 215,083 shares in the last quarter. US Bancorp DE lifted its position in iShares S&P 500 Value ETF by 15.9% during the 3rd quarter. US Bancorp DE now owns 1,207,597 shares of the company’s stock worth $155,201,000 after buying an additional 165,942 shares in the last quarter. Finally, Mariner LLC lifted its position in iShares S&P 500 Value ETF by 17.1% during the 1st quarter. Mariner LLC now owns 1,112,167 shares of the company’s stock worth $173,187,000 after buying an additional 162,771 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

NYSEARCA:IVE traded down $2.35 on Friday, hitting $145.35. 1,336,970 shares of the company’s stock were exchanged, compared to its average volume of 1,033,192. The firm has a 50-day moving average price of $152.28 and a 200-day moving average price of $145.58. iShares S&P 500 Value ETF has a 52 week low of $127.33 and a 52 week high of $160.30. The company has a market cap of $24.40 billion, a P/E ratio of 15.85 and a beta of 0.94.

iShares S&P 500 Value ETF Profile

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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.