Pinnacle Bank Has $2.89 Million Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Pinnacle Bank lessened its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,736 shares of the company’s stock after selling 681 shares during the period. iShares S&P 500 Value ETF comprises approximately 2.2% of Pinnacle Bank’s investment portfolio, making the stock its 8th biggest position. Pinnacle Bank’s holdings in iShares S&P 500 Value ETF were worth $2,893,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of iShares S&P 500 Value ETF by 247.9% during the first quarter. JPMorgan Chase & Co. now owns 24,199,303 shares of the company’s stock valued at $2,329,184,000 after purchasing an additional 17,242,706 shares during the period. Morgan Stanley lifted its holdings in iShares S&P 500 Value ETF by 5.4% during the 1st quarter. Morgan Stanley now owns 11,047,771 shares of the company’s stock valued at $1,063,349,000 after buying an additional 563,375 shares in the last quarter. Bank of America Corp DE lifted its holdings in iShares S&P 500 Value ETF by 2.6% during the 4th quarter. Bank of America Corp DE now owns 7,125,537 shares of the company’s stock valued at $926,962,000 after buying an additional 178,342 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in iShares S&P 500 Value ETF by 11.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,127,898 shares of the company’s stock valued at $589,810,000 after buying an additional 616,763 shares during the period. Finally, Stifel Financial Corp grew its stake in iShares S&P 500 Value ETF by 4.4% in the 4th quarter. Stifel Financial Corp now owns 3,444,273 shares of the company’s stock worth $447,994,000 after acquiring an additional 144,551 shares in the last quarter.

Shares of iShares S&P 500 Value ETF stock traded down $0.78 on Tuesday, hitting $108.91. 661,109 shares of the company traded hands, compared to its average volume of 1,784,415. The stock’s 50 day moving average price is $109.28 and its 200-day moving average price is $114.08. iShares S&P 500 Value ETF has a 52 week low of $81.70 and a 52 week high of $132.10.

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.

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

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