Pinnacle Wealth Planning Services Inc. Acquires 4,797 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 186.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,374 shares of the company’s stock after acquiring an additional 4,797 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in iShares S&P 500 Value ETF were worth $1,408,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in iShares S&P 500 Value ETF by 100.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the company’s stock worth $29,000 after acquiring an additional 76 shares in the last quarter. Kentucky Trust Co bought a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter valued at about $29,000. Providence First Trust Co bought a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter valued at about $31,000. Centricity Wealth Management LLC bought a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter valued at about $34,000. Finally, Perkins Coie Trust Co bought a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter valued at about $35,000.

iShares S&P 500 Value ETF Price Performance

Shares of iShares S&P 500 Value ETF stock opened at $193.79 on Thursday. The firm has a market cap of $35.35 billion, a price-to-earnings ratio of 22.47 and a beta of 0.95. The stock’s 50-day moving average is $194.52 and its 200-day moving average is $196.33. iShares S&P 500 Value ETF has a one year low of $176.09 and a one year high of $206.63.

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.