Cornell Pochily Investment Advisors Inc. Cuts Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Cornell Pochily Investment Advisors Inc. lessened its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 11.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,705 shares of the company’s stock after selling 355 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in iShares S&P 500 Value ETF were worth $516,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Hsbc Holdings PLC grew its position in iShares S&P 500 Value ETF by 50.3% during the 2nd quarter. Hsbc Holdings PLC now owns 5,605 shares of the company’s stock worth $1,020,000 after acquiring an additional 1,875 shares during the last quarter. Ascent Group LLC boosted its stake in shares of iShares S&P 500 Value ETF by 28.4% during the second quarter. Ascent Group LLC now owns 37,586 shares of the company’s stock valued at $6,841,000 after purchasing an additional 8,308 shares during the period. Silver Lake Advisory LLC bought a new position in shares of iShares S&P 500 Value ETF in the second quarter worth approximately $2,106,000. NewEdge Advisors LLC increased its stake in shares of iShares S&P 500 Value ETF by 21.8% in the second quarter. NewEdge Advisors LLC now owns 304,801 shares of the company’s stock worth $55,477,000 after buying an additional 54,597 shares during the period. Finally, Sunbelt Securities Inc. raised its holdings in iShares S&P 500 Value ETF by 3.7% during the 2nd quarter. Sunbelt Securities Inc. now owns 38,990 shares of the company’s stock valued at $7,096,000 after buying an additional 1,382 shares during the last quarter.

iShares S&P 500 Value ETF Stock Down 0.2 %

Shares of IVE opened at $196.15 on Monday. The firm has a fifty day simple moving average of $196.39 and a two-hundred day simple moving average of $194.62. iShares S&P 500 Value ETF has a twelve month low of $173.01 and a twelve month high of $206.63. The stock has a market capitalization of $35.14 billion, a P/E ratio of 23.79 and a beta of 0.81.

iShares S&P 500 Value ETF Company 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.