Pinnacle Financial Partners Inc. Grows Position in iShares S&P 500 Value ETF (IVE)

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Pinnacle Financial Partners Inc. increased its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 39.0% during the third quarter, Holdings Channel reports. The institutional investor owned 30,488 shares of the company’s stock after acquiring an additional 8,549 shares during the period. Pinnacle Financial Partners Inc.’s holdings in iShares S&P 500 Value ETF were worth $3,532,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ropes Wealth Advisors LLC grew its holdings in shares of iShares S&P 500 Value ETF by 78.0% during the second quarter. Ropes Wealth Advisors LLC now owns 1,036 shares of the company’s stock worth $114,000 after buying an additional 454 shares during the last quarter. WealthTrust Arizona LLC purchased a new position in shares of iShares S&P 500 Value ETF during the third quarter worth about $142,000. Palo Capital Inc. purchased a new position in shares of iShares S&P 500 Value ETF during the third quarter worth about $149,000. Horrell Capital Management Inc. purchased a new position in shares of iShares S&P 500 Value ETF during the second quarter worth about $163,000. Finally, Simplex Trading LLC purchased a new position in shares of iShares S&P 500 Value ETF during the third quarter worth about $176,000.

Shares of NYSEARCA IVE traded up $0.73 during midday trading on Wednesday, reaching $109.95. 11,668 shares of the company were exchanged, compared to its average volume of 1,261,477. iShares S&P 500 Value ETF has a 1 year low of $105.81 and a 1 year high of $121.12.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 2nd. Investors of record on Thursday, September 27th were issued a dividend of $0.6828 per share. This represents a $2.73 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Wednesday, September 26th.

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.

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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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