Cornerstone Wealth Partners LLC acquired a new position in iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) in the 4th quarter, HoldingsChannel reports. The firm acquired 12,076 shares of the company’s stock, valued at approximately $8,265,000. iShares Core S&P 500 ETF makes up 5.7% of Cornerstone Wealth Partners LLC’s portfolio, making the stock its 6th largest position.
Several other institutional investors and hedge funds have also bought and sold shares of IVV. Heck Capital Advisors LLC purchased a new stake in iShares Core S&P 500 ETF in the 4th quarter worth approximately $331,591,000. Bison Wealth LLC lifted its stake in shares of iShares Core S&P 500 ETF by 24.0% in the 4th quarter. Bison Wealth LLC now owns 7,799 shares of the company’s stock valued at $4,591,000 after purchasing an additional 1,511 shares during the period. Schnieders Capital Management LLC. lifted its stake in shares of iShares Core S&P 500 ETF by 0.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 5,656 shares of the company’s stock valued at $3,512,000 after purchasing an additional 45 shares during the period. First Trust Advisors LP lifted its stake in shares of iShares Core S&P 500 ETF by 43.1% in the 2nd quarter. First Trust Advisors LP now owns 6,989 shares of the company’s stock valued at $4,340,000 after purchasing an additional 2,105 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of iShares Core S&P 500 ETF by 1.2% in the 2nd quarter. Sei Investments Co. now owns 8,455 shares of the company’s stock valued at $5,250,000 after purchasing an additional 97 shares during the period. Hedge funds and other institutional investors own 70.12% of the company’s stock.
iShares Core S&P 500 ETF Stock Down 0.6%
IVV opened at $752.01 on Wednesday. The stock has a market cap of $830.41 billion, a PE ratio of 25.10 and a beta of 1.00. The business has a 50 day moving average of $729.22 and a 200-day moving average of $699.45. iShares Core S&P 500 ETF has a 52 week low of $594.71 and a 52 week high of $764.00.
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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