iShares S&P 500 Value ETF (IVE) is Cahaba Wealth Management Inc.’s 9th Largest Position

Cahaba Wealth Management Inc. raised its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 6.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 63,608 shares of the company’s stock after purchasing an additional 3,628 shares during the quarter. iShares S&P 500 Value ETF accounts for 2.0% of Cahaba Wealth Management Inc.’s portfolio, making the stock its 9th biggest position. Cahaba Wealth Management Inc.’s holdings in iShares S&P 500 Value ETF were worth $6,433,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in IVE. Litman Gregory Asset Management LLC increased its stake in shares of iShares S&P 500 Value ETF by 1,401.3% during the third quarter. Litman Gregory Asset Management LLC now owns 1,126 shares of the company’s stock valued at $130,000 after buying an additional 1,051 shares during the period. WealthTrust Arizona LLC purchased a new position in shares of iShares S&P 500 Value ETF during the third quarter valued at approximately $142,000. Palo Capital Inc. purchased a new position in shares of iShares S&P 500 Value ETF during the third quarter valued at approximately $149,000. Simplex Trading LLC purchased a new position in shares of iShares S&P 500 Value ETF during the third quarter valued at approximately $176,000. Finally, Centaurus Financial Inc. purchased a new position in shares of iShares S&P 500 Value ETF during the second quarter valued at approximately $201,000.

Shares of IVE traded down $0.23 during mid-day trading on Monday, hitting $104.61. 56,023 shares of the company’s stock traded hands, compared to its average volume of 2,599,275. iShares S&P 500 Value ETF has a 1 year low of $94.72 and a 1 year high of $121.12.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 21st. Stockholders of record on Tuesday, December 18th were paid a dividend of $0.7385 per share. The ex-dividend date of this dividend was Monday, December 17th. This is a boost from iShares S&P 500 Value ETF’s previous quarterly dividend of $0.68. This represents a $2.95 annualized dividend and a dividend yield of 2.82%.

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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.

Further Reading: Growth Stocks

Institutional Ownership by Quarter for iShares S&P 500 Value ETF (NYSEARCA:IVE)

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