Cadence Bank Invests $3.07 Million in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Cadence Bank acquired a new stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,581 shares of the company’s stock, valued at approximately $3,072,000.

A number of other hedge funds have also recently bought and sold shares of the company. Sutton Place Investors LLC boosted its holdings in shares of iShares S&P 500 Value ETF by 9.3% during the second quarter. Sutton Place Investors LLC now owns 5,704 shares of the company’s stock worth $1,038,000 after purchasing an additional 483 shares during the last quarter. NBC Securities Inc. boosted its position in shares of iShares S&P 500 Value ETF by 33.3% in the third quarter. NBC Securities Inc. now owns 2,148 shares of the company’s stock worth $423,000 after acquiring an additional 536 shares during the last quarter. Financial Partners Group Inc boosted its holdings in shares of iShares S&P 500 Value ETF by 2.7% in the 2nd quarter. Financial Partners Group Inc now owns 2,784 shares of the company’s stock valued at $507,000 after purchasing an additional 74 shares during the last quarter. Ausdal Financial Partners Inc. grew its stake in shares of iShares S&P 500 Value ETF by 81.0% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 46,203 shares of the company’s stock valued at $9,110,000 after buying an additional 20,674 shares during the period. Finally, Concourse Financial Group Securities Inc. increased its holdings in shares of iShares S&P 500 Value ETF by 7.0% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 53,260 shares of the company’s stock worth $10,501,000 after buying an additional 3,500 shares during the last quarter.

iShares S&P 500 Value ETF Trading Up 0.0 %

Shares of IVE opened at $205.24 on Wednesday. The stock’s fifty day simple moving average is $198.38 and its 200 day simple moving average is $190.83. iShares S&P 500 Value ETF has a twelve month low of $163.68 and a twelve month high of $205.87. The firm has a market capitalization of $36.77 billion, a P/E ratio of 23.79 and a beta of 0.81.

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.