Renasant Bank reduced its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 51.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,134 shares of the company’s stock after selling 4,400 shares during the quarter. Renasant Bank’s holdings in iShares S&P 500 Value ETF were worth $873,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Simplex Trading LLC purchased a new stake in iShares S&P 500 Value ETF during the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC purchased a new position in iShares S&P 500 Value ETF in the 4th quarter worth approximately $25,000. Decker Retirement Planning Inc. purchased a new position in iShares S&P 500 Value ETF in the 4th quarter worth approximately $26,000. United Services Automobile Association bought a new stake in iShares S&P 500 Value ETF in the second quarter valued at approximately $26,000. Finally, Palisade Asset Management LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the third quarter valued at approximately $29,000.
iShares S&P 500 Value ETF Stock Down 0.1%
Shares of NYSEARCA IVE opened at $230.78 on Wednesday. The firm’s fifty day moving average is $226.32 and its 200 day moving average is $219.78. iShares S&P 500 Value ETF has a 52 week low of $193.90 and a 52 week high of $232.28. The company has a market cap of $48.66 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82.
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. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.
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