Traynor Capital Management Inc. Increases Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Traynor Capital Management Inc. boosted its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 8.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 91,137 shares of the company’s stock after purchasing an additional 7,324 shares during the quarter. iShares S&P 500 Value ETF accounts for 3.5% of Traynor Capital Management Inc.’s investment portfolio, making the stock its 7th biggest holding. Traynor Capital Management Inc.’s holdings in iShares S&P 500 Value ETF were worth $10,704,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in IVE. Newman Dignan & Sheerar Inc. increased its stake in iShares S&P 500 Value ETF by 6.5% in the 1st quarter. Newman Dignan & Sheerar Inc. now owns 4,579 shares of the company’s stock valued at $516,000 after buying an additional 280 shares during the last quarter. Bay Harbor Wealth Management LLC increased its stake in iShares S&P 500 Value ETF by 265.8% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 739 shares of the company’s stock valued at $86,000 after buying an additional 537 shares during the last quarter. Trustcore Financial Services LLC purchased a new stake in iShares S&P 500 Value ETF in the 1st quarter valued at about $108,000. Security National Trust Co. increased its stake in iShares S&P 500 Value ETF by 2.6% in the 1st quarter. Security National Trust Co. now owns 36,940 shares of the company’s stock valued at $4,165,000 after buying an additional 945 shares during the last quarter. Finally, Regal Wealth Group Inc. increased its stake in iShares S&P 500 Value ETF by 31.3% in the 1st quarter. Regal Wealth Group Inc. now owns 151,323 shares of the company’s stock valued at $17,060,000 after buying an additional 36,043 shares during the last quarter.

NYSEARCA:IVE traded down $1.03 on Wednesday, hitting $113.05. The stock had a trading volume of 470,431 shares, compared to its average volume of 854,485. iShares S&P 500 Value ETF has a 1 year low of $94.72 and a 1 year high of $120.00. The firm’s fifty day simple moving average is $117.55.

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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Want to see what other hedge funds are holding IVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P 500 Value ETF (NYSEARCA:IVE).

Institutional Ownership by Quarter for iShares S&P 500 Value ETF (NYSEARCA:IVE)

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