Kovack Advisors Inc. Trims Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

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Kovack Advisors Inc. trimmed its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 17.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,213 shares of the company’s stock after selling 1,113 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares S&P 500 Value ETF were worth $758,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in IVE. WestHill Financial Advisors Inc. acquired a new stake in iShares S&P 500 Value ETF in the 3rd quarter valued at $32,000. Atwood & Palmer Inc. acquired a new stake in iShares S&P 500 Value ETF in the 3rd quarter valued at $39,000. CVA Family Office LLC grew its stake in iShares S&P 500 Value ETF by 153.9% in the 3rd quarter. CVA Family Office LLC now owns 424 shares of the company’s stock valued at $48,000 after acquiring an additional 257 shares during the period. Activest Wealth Management acquired a new stake in iShares S&P 500 Value ETF in the 2nd quarter valued at $51,000. Finally, CoreFirst Bank & Trust acquired a new stake in iShares S&P 500 Value ETF in the 2nd quarter valued at $52,000.

iShares S&P 500 Value ETF stock opened at $156.00 on Tuesday. The company’s fifty day moving average price is $152.62 and its 200 day moving average price is $150.10. iShares S&P 500 Value ETF has a 1 year low of $125.25 and a 1 year high of $156.03.

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.

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