Salomon & Ludwin LLC Has $42.73 Million Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Salomon & Ludwin LLC decreased its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 7.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 216,693 shares of the company’s stock after selling 17,488 shares during the period. iShares S&P 500 Value ETF accounts for about 4.4% of Salomon & Ludwin LLC’s holdings, making the stock its 7th biggest holding. Salomon & Ludwin LLC owned 0.12% of iShares S&P 500 Value ETF worth $42,728,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in IVE. Palisade Asset Management LLC bought a new position in iShares S&P 500 Value ETF during the first quarter worth $26,000. CarsonAllaria Wealth Management Ltd. raised its holdings in shares of iShares S&P 500 Value ETF by 289.5% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 148 shares of the company’s stock valued at $28,000 after purchasing an additional 110 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the 3rd quarter valued at about $31,000. Addison Advisors LLC raised its stake in iShares S&P 500 Value ETF by 50.0% during the 2nd quarter. Addison Advisors LLC now owns 279 shares of the company’s stock worth $51,000 after buying an additional 93 shares during the period. Finally, TruNorth Capital Management LLC bought a new position in iShares S&P 500 Value ETF in the second quarter worth approximately $65,000.

iShares S&P 500 Value ETF Trading Down 0.7 %

Shares of IVE stock opened at $196.32 on Monday. iShares S&P 500 Value ETF has a 12 month low of $147.23 and a 12 month high of $201.08. The firm has a market capitalization of $35.17 billion, a PE ratio of 23.79 and a beta of 0.81. The firm has a fifty day simple moving average of $195.65 and a two-hundred day simple moving average of $187.77.

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.