Kraft Davis & Associates LLC Sells 276 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Kraft Davis & Associates LLC lowered its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 10.5% in the fourth quarter, HoldingsChannel reports. The firm owned 2,343 shares of the company’s stock after selling 276 shares during the period. Kraft Davis & Associates LLC’s holdings in iShares S&P 500 Value ETF were worth $409,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in IVE. Wetzel Investment Advisors Inc. acquired a new position in iShares S&P 500 Value ETF in the 4th quarter valued at about $35,000. Sterling Financial Planning Inc. raised its holdings in iShares S&P 500 Value ETF by 2.9% in the 4th quarter. Sterling Financial Planning Inc. now owns 24,907 shares of the company’s stock valued at $4,331,000 after acquiring an additional 709 shares in the last quarter. Fonville Wealth Management LLC acquired a new position in iShares S&P 500 Value ETF in the fourth quarter valued at about $1,455,000. Western Wealth Management LLC raised its position in shares of iShares S&P 500 Value ETF by 1.8% in the 4th quarter. Western Wealth Management LLC now owns 48,905 shares of the company’s stock valued at $8,504,000 after buying an additional 842 shares in the last quarter. Finally, Calamos Advisors LLC bought a new stake in iShares S&P 500 Value ETF during the fourth quarter worth $2,826,000.

iShares S&P 500 Value ETF Price Performance

Shares of IVE stock traded up $1.48 on Friday, hitting $178.39. 655,300 shares of the company’s stock were exchanged, compared to its average volume of 990,912. The company has a 50 day moving average of $180.95 and a 200 day moving average of $170.70. iShares S&P 500 Value ETF has a 12 month low of $147.23 and a 12 month high of $187.24. The stock has a market cap of $32.01 billion, a P/E ratio of 23.70 and a beta of 0.87.

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.