Pinnacle Bancorp Inc. Sells 403 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Pinnacle Bancorp Inc. lessened its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 23,141 shares of the company’s stock after selling 403 shares during the quarter. iShares S&P 500 Value ETF comprises approximately 1.3% of Pinnacle Bancorp Inc.’s investment portfolio, making the stock its 10th biggest position. Pinnacle Bancorp Inc.’s holdings in iShares S&P 500 Value ETF were worth $4,323,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in IVE. Ellis Investment Partners LLC boosted its holdings in shares of iShares S&P 500 Value ETF by 0.4% during the 4th quarter. Ellis Investment Partners LLC now owns 15,815 shares of the company’s stock worth $2,750,000 after purchasing an additional 63 shares during the last quarter. Beacon Bridge Wealth Partners LLC boosted its position in shares of iShares S&P 500 Value ETF by 4.7% during the 4th quarter. Beacon Bridge Wealth Partners LLC now owns 1,404 shares of the company’s stock valued at $244,000 after acquiring an additional 63 shares during the last quarter. Trifecta Capital Advisors LLC grew its holdings in shares of iShares S&P 500 Value ETF by 2.0% in the fourth quarter. Trifecta Capital Advisors LLC now owns 3,401 shares of the company’s stock valued at $591,000 after purchasing an additional 66 shares during the period. Oxinas Partners Wealth Management LLC increased its position in iShares S&P 500 Value ETF by 1.1% during the fourth quarter. Oxinas Partners Wealth Management LLC now owns 6,529 shares of the company’s stock worth $1,135,000 after purchasing an additional 71 shares during the last quarter. Finally, Financial Counselors Inc. increased its stake in iShares S&P 500 Value ETF by 0.7% during the fourth quarter. Financial Counselors Inc. now owns 10,184 shares of the company’s stock worth $1,771,000 after acquiring an additional 71 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of iShares S&P 500 Value ETF stock traded up $0.18 during trading hours on Friday, hitting $182.01. The company’s stock had a trading volume of 426,123 shares, compared to its average volume of 800,868. The stock has a market cap of $32.61 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a twelve month low of $147.23 and a twelve month high of $187.24. The firm has a fifty day moving average of $182.48 and a 200-day moving average of $179.24.

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.