J.W. Cole Advisors Inc. Trims Stock Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

J.W. Cole Advisors Inc. trimmed its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 7.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 62,279 shares of the company’s stock after selling 4,810 shares during the quarter. iShares S&P 500 Value ETF accounts for approximately 0.6% of J.W. Cole Advisors Inc.’s investment portfolio, making the stock its 27th biggest holding. J.W. Cole Advisors Inc.’s holdings in iShares S&P 500 Value ETF were worth $10,830,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in iShares S&P 500 Value ETF by 700.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 160 shares of the company’s stock valued at $25,000 after buying an additional 140 shares in the last quarter. Peoples Bank KS purchased a new position in iShares S&P 500 Value ETF in the 3rd quarter valued at approximately $25,000. First Pacific Financial bought a new position in iShares S&P 500 Value ETF in the 4th quarter valued at $30,000. Fortis Capital Advisors LLC bought a new position in iShares S&P 500 Value ETF in the 4th quarter valued at $28,000. Finally, Wetzel Investment Advisors Inc. bought a new position in iShares S&P 500 Value ETF in the 4th quarter valued at $35,000.

iShares S&P 500 Value ETF Price Performance

NYSEARCA:IVE traded up $1.48 during trading hours on Friday, hitting $178.39. The stock had a trading volume of 655,300 shares, compared to its average volume of 990,912. The company has a 50 day simple moving average of $180.95 and a two-hundred day simple moving average of $170.70. iShares S&P 500 Value ETF has a one year low of $147.23 and a one year high of $187.24. The firm has a market capitalization of $32.01 billion, a price-to-earnings ratio of 23.70 and a beta of 0.87.

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.