Cadence Bank Makes New Investment in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Cadence Bank acquired a new position in iShares S&P 500 Value ETF (NYSEARCA:IVE) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 15,581 shares of the company’s stock, valued at approximately $3,072,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elios Financial Group Inc. acquired a new position in iShares S&P 500 Value ETF in the third quarter valued at about $1,180,000. Associated Banc Corp grew its holdings in iShares S&P 500 Value ETF by 5.7% during the 3rd quarter. Associated Banc Corp now owns 61,213 shares of the company’s stock worth $12,069,000 after acquiring an additional 3,279 shares during the last quarter. Private Trust Co. NA grew its holdings in iShares S&P 500 Value ETF by 18.2% during the 3rd quarter. Private Trust Co. NA now owns 6,653 shares of the company’s stock worth $1,312,000 after acquiring an additional 1,026 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of iShares S&P 500 Value ETF by 23.8% in the third quarter. Brown Brothers Harriman & Co. now owns 12,609 shares of the company’s stock worth $2,486,000 after acquiring an additional 2,426 shares during the last quarter. Finally, Boston Family Office LLC raised its stake in shares of iShares S&P 500 Value ETF by 2.0% in the third quarter. Boston Family Office LLC now owns 5,743 shares of the company’s stock worth $1,132,000 after acquiring an additional 111 shares during the last quarter.

iShares S&P 500 Value ETF Price Performance

IVE opened at $205.24 on Wednesday. The company’s 50 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 one year low of $163.68 and a one year high of $205.87. The stock has a market capitalization of $36.77 billion, a P/E ratio of 23.79 and a beta of 0.81.

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.