Highland Investment Advisors LLC bought a new position in iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 7,898 shares of the ETF’s stock, valued at approximately $5,914,000. iShares Core S&P 500 ETF comprises approximately 2.6% of Highland Investment Advisors LLC’s portfolio, making the stock its 12th biggest position.
Several other institutional investors have also modified their holdings of IVV. Keenan LLC purchased a new stake in shares of iShares Core S&P 500 ETF in the fourth quarter valued at about $26,000. Punch & Associates Investment Management Inc. increased its position in iShares Core S&P 500 ETF by 50.0% during the first quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock worth $27,000 after purchasing an additional 14 shares during the last quarter. Allied Private Wealth LLC purchased a new position in iShares Core S&P 500 ETF during the second quarter worth about $33,000. GS Investments Inc. raised its stake in iShares Core S&P 500 ETF by 83.3% during the fourth quarter. GS Investments Inc. now owns 44 shares of the ETF’s stock worth $30,000 after purchasing an additional 20 shares during the period. Finally, Imprint Wealth LLC acquired a new position in iShares Core S&P 500 ETF in the 3rd quarter valued at about $39,000. Hedge funds and other institutional investors own 70.12% of the company’s stock.
iShares Core S&P 500 ETF Price Performance
iShares Core S&P 500 ETF stock opened at $773.92 on Friday. The firm has a 50 day simple moving average of $760.69 and a 200-day simple moving average of $726.99. The stock has a market cap of $898.95 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 1-year low of $632.14 and a 1-year high of $783.09.
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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