Brookstone Capital Management Sells 3,704 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Brookstone Capital Management lowered its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,237 shares of the company’s stock after selling 3,704 shares during the quarter. Brookstone Capital Management’s holdings in iShares S&P 500 Value ETF were worth $13,216,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in iShares S&P 500 Value ETF in the 3rd quarter valued at $31,000. Valued Wealth Advisors LLC bought a new stake in iShares S&P 500 Value ETF in the 3rd quarter valued at $35,000. Copley Financial Group Inc. acquired a new stake in shares of iShares S&P 500 Value ETF in the 3rd quarter valued at $36,000. Hobbs Group Advisors LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the 3rd quarter valued at $40,000. Finally, Colony Family Offices LLC boosted its stake in shares of iShares S&P 500 Value ETF by 77.3% in the 3rd quarter. Colony Family Offices LLC now owns 273 shares of the company’s stock valued at $54,000 after purchasing an additional 119 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA:IVE traded up $0.13 on Monday, hitting $188.30. The stock had a trading volume of 140,880 shares, compared to its average volume of 942,306. iShares S&P 500 Value ETF has a twelve month low of $170.13 and a twelve month high of $206.63. The firm’s 50 day moving average price is $197.63 and its 200-day moving average price is $193.78. The company has a market capitalization of $33.73 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

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.