Pinnacle Bancorp Inc. Has $4.32 Million Stock Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Pinnacle Bancorp Inc. decreased its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,141 shares of the company’s stock after selling 403 shares during the period. iShares S&P 500 Value ETF accounts for 1.3% of Pinnacle Bancorp Inc.’s investment portfolio, making the stock its 10th biggest holding. 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.

Other hedge funds have also recently modified their holdings of the company. Vima LLC purchased a new stake in iShares S&P 500 Value ETF during the fourth quarter worth about $27,000. Northwest Investment Counselors LLC bought a new position in shares of iShares S&P 500 Value ETF during the 1st quarter worth $29,000. First Pacific Financial purchased a new stake in iShares S&P 500 Value ETF in the 4th quarter worth about $30,000. Sound Income Strategies LLC purchased a new stake in iShares S&P 500 Value ETF in the 4th quarter worth about $35,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in iShares S&P 500 Value ETF in the 4th quarter valued at about $35,000.

iShares S&P 500 Value ETF Price Performance

NYSEARCA:IVE traded up $0.18 on Friday, reaching $182.01. 426,123 shares of the company’s stock were exchanged, compared to its average volume of 800,868. The firm has a market cap of $32.61 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. The stock has a fifty day simple moving average of $182.48 and a 200-day simple moving average of $179.24. iShares S&P 500 Value ETF has a 52 week low of $147.23 and a 52 week high of $187.24.

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.