Mitchell Mcleod Pugh & Williams Inc. Decreases Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Mitchell Mcleod Pugh & Williams Inc. cut its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 24.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,671 shares of the company’s stock after selling 549 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in iShares S&P 500 Value ETF were worth $329,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northwest Investment Counselors LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the 3rd quarter worth $31,000. Valued Wealth Advisors LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the 3rd quarter worth $35,000. Addison Advisors LLC increased its stake in shares of iShares S&P 500 Value ETF by 50.0% in the 2nd quarter. Addison Advisors LLC now owns 279 shares of the company’s stock worth $51,000 after acquiring an additional 93 shares during the last quarter. TruNorth Capital Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the 2nd quarter worth $65,000. Finally, Avondale Wealth Management increased its stake in shares of iShares S&P 500 Value ETF by 24.8% in the 2nd quarter. Avondale Wealth Management now owns 362 shares of the company’s stock worth $66,000 after acquiring an additional 72 shares during the last quarter.

iShares S&P 500 Value ETF Price Performance

Shares of NYSEARCA:IVE traded up $1.22 during midday trading on Friday, reaching $201.82. 556,599 shares of the company’s stock were exchanged, compared to its average volume of 675,943. The firm’s 50 day simple moving average is $196.49 and its two-hundred day simple moving average is $188.96. The stock has a market cap of $36.16 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a fifty-two week low of $155.79 and a fifty-two week high of $202.44.

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.