Occidental Asset Management LLC Reduces Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Occidental Asset Management LLC decreased its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,036 shares of the company’s stock after selling 861 shares during the period. iShares S&P 500 Value ETF comprises approximately 2.0% of Occidental Asset Management LLC’s holdings, making the stock its 13th biggest holding. Occidental Asset Management LLC’s holdings in iShares S&P 500 Value ETF were worth $12,796,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Cypress Wealth Services LLC boosted its stake in shares of iShares S&P 500 Value ETF by 5.1% during the 4th quarter. Cypress Wealth Services LLC now owns 42,145 shares of the company’s stock valued at $8,045,000 after buying an additional 2,030 shares during the last quarter. West Coast Financial LLC boosted its stake in iShares S&P 500 Value ETF by 0.3% during the 4th quarter. West Coast Financial LLC now owns 16,432 shares of the company’s stock valued at $3,137,000 after acquiring an additional 53 shares during the last quarter. Heritage Family Offices LLP boosted its stake in iShares S&P 500 Value ETF by 23.3% during the 4th quarter. Heritage Family Offices LLP now owns 1,400 shares of the company’s stock valued at $267,000 after acquiring an additional 265 shares during the last quarter. Financial Enhancement Group LLC increased its position in shares of iShares S&P 500 Value ETF by 38.4% in the 4th quarter. Financial Enhancement Group LLC now owns 55,100 shares of the company’s stock worth $10,437,000 after purchasing an additional 15,287 shares during the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter valued at about $77,191,000.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA:IVE opened at $192.82 on Friday. The company has a market capitalization of $34.54 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 $170.13 and a one year high of $206.63. The stock has a 50-day simple moving average of $197.24 and a 200 day simple moving average of $193.89.

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.