Kovack Advisors Inc. grew its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 134.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 89,099 shares of the company’s stock after purchasing an additional 51,070 shares during the quarter. iShares Core S&P 500 ETF accounts for about 3.0% of Kovack Advisors Inc.’s holdings, making the stock its 4th biggest holding. Kovack Advisors Inc.’s holdings in iShares Core S&P 500 ETF were worth $61,027,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the company. Decker Retirement Planning Inc. bought a new position in iShares Core S&P 500 ETF in the 4th quarter worth about $29,000. GS Investments Inc. boosted its position in shares of iShares Core S&P 500 ETF by 83.3% during the fourth quarter. GS Investments Inc. now owns 44 shares of the company’s stock worth $30,000 after buying an additional 20 shares during the period. Palouse Capital Management Inc. bought a new position in iShares Core S&P 500 ETF in the 4th quarter worth approximately $38,000. Imprint Wealth LLC bought a new position in iShares Core S&P 500 ETF in the 3rd quarter worth approximately $39,000. Finally, Dorato Capital Management acquired a new stake in iShares Core S&P 500 ETF in the 4th quarter valued at approximately $55,000. Institutional investors and hedge funds own 70.12% of the company’s stock.
iShares Core S&P 500 ETF Price Performance
Shares of iShares Core S&P 500 ETF stock opened at $741.05 on Friday. iShares Core S&P 500 ETF has a 1-year low of $594.71 and a 1-year high of $764.00. The business’s fifty day moving average price is $723.67 and its two-hundred day moving average price is $697.90. The company has a market capitalization of $818.30 billion, a P/E ratio of 25.10 and a beta of 1.00.
About iShares Core S&P 500 ETF
iShares Core S&P 500 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Standard & Poor’s 500 Index (the Index). The Index measures the performance of the large-capitalization sector of the United States equity market. The component stocks are weighted according to the total float-adjusted market value of their outstanding shares. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
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