Bank OZK Increases Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Bank OZK grew its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 42.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,310 shares of the company’s stock after buying an additional 690 shares during the period. Bank OZK’s holdings in iShares S&P 500 Value ETF were worth $402,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in IVE. Sage Financial Group Inc. purchased a new position in iShares S&P 500 Value ETF during the fourth quarter worth about $217,000. Financial Enhancement Group LLC raised its holdings in iShares S&P 500 Value ETF by 35.5% during the fourth quarter. Financial Enhancement Group LLC now owns 50,751 shares of the company’s stock worth $8,683,000 after purchasing an additional 13,298 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in iShares S&P 500 Value ETF by 19.8% during the third quarter. Cullen Frost Bankers Inc. now owns 97,534 shares of the company’s stock worth $15,005,000 after purchasing an additional 16,129 shares in the last quarter. Bfsg LLC purchased a new position in iShares S&P 500 Value ETF during the fourth quarter worth about $60,000. Finally, Smith Anglin Financial LLC raised its holdings in iShares S&P 500 Value ETF by 4.8% during the fourth quarter. Smith Anglin Financial LLC now owns 376,324 shares of the company’s stock worth $65,439,000 after purchasing an additional 17,236 shares in the last quarter.

iShares S&P 500 Value ETF Stock Down 0.2 %

NYSEARCA IVE traded down $0.30 during trading hours on Friday, hitting $180.15. 440,677 shares of the stock were exchanged, compared to its average volume of 961,049. The company has a market cap of $32.27 billion, a price-to-earnings ratio of 23.38 and a beta of 0.84. iShares S&P 500 Value ETF has a 12-month low of $147.23 and a 12-month high of $187.24. The stock has a 50-day moving average of $181.38 and a 200 day moving average of $171.79.

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.