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

Magnus Financial Group LLC reduced its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 13.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,119 shares of the company’s stock after selling 1,796 shares during the quarter. Magnus Financial Group LLC’s holdings in iShares S&P 500 Value ETF were worth $1,934,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank OZK boosted its stake in shares of iShares S&P 500 Value ETF by 42.6% during the 4th quarter. Bank OZK now owns 2,310 shares of the company’s stock worth $402,000 after purchasing an additional 690 shares during the last quarter. Dohj LLC raised its holdings in shares of iShares S&P 500 Value ETF by 126.7% in the 4th quarter. Dohj LLC now owns 27,629 shares of the company’s stock worth $4,804,000 after purchasing an additional 15,443 shares in the last quarter. Alexander Randolph Advisory Inc. acquired a new position in iShares S&P 500 Value ETF in the 4th quarter worth approximately $211,000. Citizens Financial Group Inc. RI boosted its stake in iShares S&P 500 Value ETF by 4.1% in the 4th quarter. Citizens Financial Group Inc. RI now owns 67,044 shares of the company’s stock worth $11,658,000 after purchasing an additional 2,617 shares during the period. Finally, Golden State Equity Partners boosted its stake in iShares S&P 500 Value ETF by 25.3% in the 4th quarter. Golden State Equity Partners now owns 8,808 shares of the company’s stock worth $1,532,000 after purchasing an additional 1,779 shares during the period.

iShares S&P 500 Value ETF Price Performance

iShares S&P 500 Value ETF stock traded down $0.30 during midday trading on Friday, reaching $180.15. The stock had a trading volume of 440,677 shares, compared to its average volume of 961,049. The firm’s fifty day simple moving average is $181.38 and its two-hundred day simple moving average is $171.79. iShares S&P 500 Value ETF has a twelve month low of $147.23 and a twelve month high of $187.24. The firm has a market cap of $32.27 billion, a price-to-earnings ratio of 23.38 and a beta of 0.84.

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.