Farmers & Merchants Investments Inc. Cuts Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Farmers & Merchants Investments Inc. reduced its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,067 shares of the company’s stock after selling 194 shares during the period. Farmers & Merchants Investments Inc.’s holdings in iShares S&P 500 Value ETF were worth $1,540,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Serenus Wealth Advisors LLC bought a new position in shares of iShares S&P 500 Value ETF during the 4th quarter valued at approximately $17,882,000. Apollon Wealth Management LLC raised its stake in iShares S&P 500 Value ETF by 11.8% during the fourth quarter. Apollon Wealth Management LLC now owns 32,892 shares of the company’s stock valued at $6,278,000 after purchasing an additional 3,468 shares in the last quarter. Clientfirst Wealth Management LLC bought a new position in iShares S&P 500 Value ETF during the fourth quarter valued at $776,000. Joel Isaacson & Co. LLC grew its stake in shares of iShares S&P 500 Value ETF by 17.5% in the 4th quarter. Joel Isaacson & Co. LLC now owns 6,029 shares of the company’s stock worth $1,151,000 after buying an additional 897 shares in the last quarter. Finally, Appleton Partners Inc. MA increased its holdings in shares of iShares S&P 500 Value ETF by 70.7% in the 4th quarter. Appleton Partners Inc. MA now owns 2,190 shares of the company’s stock worth $418,000 after buying an additional 907 shares during the last quarter.

iShares S&P 500 Value ETF Trading Down 0.8 %

Shares of NYSEARCA:IVE opened at $194.62 on Friday. The company has a market cap of $34.87 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 12 month low of $173.01 and a 12 month high of $206.63. The company has a 50-day moving average price of $195.01 and a 200 day moving average price of $195.14.

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.