Cullen Frost Bankers Inc. Decreases Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Cullen Frost Bankers Inc. reduced its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 93,096 shares of the company’s stock after selling 3,099 shares during the quarter. Cullen Frost Bankers Inc. owned about 0.05% of iShares S&P 500 Value ETF worth $17,770,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chesapeake Wealth Management grew its stake in iShares S&P 500 Value ETF by 3.8% in the 3rd quarter. Chesapeake Wealth Management now owns 1,382 shares of the company’s stock valued at $272,000 after acquiring an additional 50 shares during the period. West Coast Financial LLC boosted its stake in iShares S&P 500 Value ETF by 0.3% during the 4th quarter. West Coast Financial LLC now owns 16,432 shares of the company’s stock worth $3,137,000 after purchasing an additional 53 shares during the last quarter. SWP Financial LLC boosted its stake in iShares S&P 500 Value ETF by 0.4% during the 4th quarter. SWP Financial LLC now owns 12,799 shares of the company’s stock worth $2,443,000 after purchasing an additional 54 shares during the last quarter. GDS Wealth Management boosted its stake in iShares S&P 500 Value ETF by 3.3% during the 3rd quarter. GDS Wealth Management now owns 1,765 shares of the company’s stock worth $348,000 after purchasing an additional 56 shares during the last quarter. Finally, Roble Belko & Company Inc boosted its stake in iShares S&P 500 Value ETF by 0.5% during the 4th quarter. Roble Belko & Company Inc now owns 11,238 shares of the company’s stock worth $2,145,000 after purchasing an additional 57 shares during the last quarter.

iShares S&P 500 Value ETF Stock Up 0.8 %

Shares of IVE opened at $193.79 on Thursday. iShares S&P 500 Value ETF has a 52-week low of $176.09 and a 52-week high of $206.63. The firm’s fifty day moving average is $194.52 and its two-hundred day moving average is $196.33. The stock has a market cap of $35.35 billion, a PE ratio of 22.47 and a beta of 0.95.

iShares S&P 500 Value ETF Profile

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.