Kovack Advisors Inc. Sells 160 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Kovack Advisors Inc. lowered its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,713 shares of the company’s stock after selling 160 shares during the period. Kovack Advisors Inc.’s holdings in iShares S&P 500 Value ETF were worth $338,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new position in iShares S&P 500 Value ETF in the 3rd quarter worth about $31,000. Valued Wealth Advisors LLC bought a new position in shares of iShares S&P 500 Value ETF in the third quarter valued at approximately $35,000. Addison Advisors LLC grew its stake in iShares S&P 500 Value ETF by 50.0% during the second quarter. Addison Advisors LLC now owns 279 shares of the company’s stock valued at $51,000 after acquiring an additional 93 shares in the last quarter. TruNorth Capital Management LLC bought a new stake in iShares S&P 500 Value ETF during the 2nd quarter worth approximately $65,000. Finally, Avondale Wealth Management lifted its stake in 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 purchasing an additional 72 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

Shares of NYSEARCA:IVE opened at $199.51 on Friday. The company has a market cap of $35.74 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a one year low of $161.43 and a one year high of $203.67. The firm has a fifty day moving average price of $197.03 and a two-hundred day moving average price of $189.54.

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.