Magnolia Capital Management Ltd. Cuts Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Magnolia Capital Management Ltd. lowered its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,230 shares of the company’s stock after selling 335 shares during the period. iShares S&P 500 Value ETF comprises about 1.1% of Magnolia Capital Management Ltd.’s holdings, making the stock its 18th largest holding. Magnolia Capital Management Ltd.’s holdings in iShares S&P 500 Value ETF were worth $1,380,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Roble Belko & Company Inc boosted its stake in shares of iShares S&P 500 Value ETF by 0.5% in the 4th quarter. Roble Belko & Company Inc now owns 11,238 shares of the company’s stock valued at $2,145,000 after purchasing an additional 57 shares in the last quarter. Armstrong Advisory Group Inc. lifted its stake in iShares S&P 500 Value ETF by 31.5% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,331 shares of the company’s stock worth $254,000 after purchasing an additional 319 shares during the last quarter. Apella Capital LLC boosted its position in iShares S&P 500 Value ETF by 45.1% during the fourth quarter. Apella Capital LLC now owns 3,696 shares of the company’s stock valued at $705,000 after buying an additional 1,148 shares during the period. Founders Grove Wealth Partners LLC bought a new position in shares of iShares S&P 500 Value ETF during the fourth quarter valued at about $4,956,000. Finally, Laurel Wealth Advisors LLC increased its holdings in shares of iShares S&P 500 Value ETF by 51.8% in the fourth quarter. Laurel Wealth Advisors LLC now owns 6,307 shares of the company’s stock worth $1,204,000 after buying an additional 2,151 shares during the period.

iShares S&P 500 Value ETF Price Performance

Shares of IVE stock opened at $192.70 on Thursday. The business has a 50-day moving average of $197.41 and a 200 day moving average of $193.90. iShares S&P 500 Value ETF has a 1-year low of $170.13 and a 1-year high of $206.63. The stock has a market capitalization of $34.52 billion, a PE ratio of 23.79 and a beta of 0.81.

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.