Merited Wealth LLC raised its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 69.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,073 shares of the company’s stock after acquiring an additional 6,610 shares during the period. iShares Core S&P 500 ETF accounts for approximately 8.7% of Merited Wealth LLC’s portfolio, making the stock its largest position. Merited Wealth LLC’s holdings in iShares Core S&P 500 ETF were worth $10,499,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in IVV. Anchor Investment Management LLC lifted its holdings in shares of iShares Core S&P 500 ETF by 3.1% in the 3rd quarter. Anchor Investment Management LLC now owns 503 shares of the company’s stock valued at $337,000 after purchasing an additional 15 shares during the last quarter. Wealth Effects LLC grew its stake in iShares Core S&P 500 ETF by 0.4% during the 4th quarter. Wealth Effects LLC now owns 4,276 shares of the company’s stock worth $2,929,000 after buying an additional 15 shares during the last quarter. West Wealth Group LLC increased its position in iShares Core S&P 500 ETF by 1.1% during the fourth quarter. West Wealth Group LLC now owns 1,440 shares of the company’s stock worth $987,000 after buying an additional 15 shares during the period. Keeler & Nadler Financial Planning & Wealth Management increased its position in iShares Core S&P 500 ETF by 2.9% during the fourth quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 539 shares of the company’s stock worth $369,000 after buying an additional 15 shares during the period. Finally, Gratus Wealth Advisors LLC increased its position in iShares Core S&P 500 ETF by 0.3% during the fourth quarter. Gratus Wealth Advisors LLC now owns 4,776 shares of the company’s stock worth $3,272,000 after buying an additional 15 shares during the period. Hedge funds and other institutional investors own 70.12% of the company’s stock.
iShares Core S&P 500 ETF Trading Down 0.1%
Shares of NYSEARCA IVV opened at $748.43 on Friday. The stock has a market cap of $887.34 billion, a P/E ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a twelve month low of $620.85 and a twelve month high of $764.00. The stock has a 50 day moving average of $741.72 and a two-hundred day moving average of $704.22.
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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