Novare Capital Management LLC boosted its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,404 shares of the company’s stock after buying an additional 1,329 shares during the quarter. iShares Core S&P 500 ETF makes up approximately 3.7% of Novare Capital Management LLC’s portfolio, making the stock its 5th largest holding. Novare Capital Management LLC’s holdings in iShares Core S&P 500 ETF were worth $48,908,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new position in iShares Core S&P 500 ETF in the 4th quarter valued at about $29,000. Palouse Capital Management Inc. purchased a new position in iShares Core S&P 500 ETF in the 4th quarter valued at about $38,000. Imprint Wealth LLC purchased a new position in iShares Core S&P 500 ETF in the 3rd quarter valued at about $39,000. Dorato Capital Management purchased a new position in iShares Core S&P 500 ETF in the 4th quarter worth approximately $55,000. Finally, EQ Wealth Advisors LLC purchased a new position in iShares Core S&P 500 ETF in the 4th quarter worth approximately $55,000. 70.12% of the stock is owned by hedge funds and other institutional investors.
iShares Core S&P 500 ETF Price Performance
IVV opened at $742.45 on Friday. The company’s 50 day simple moving average is $691.05 and its two-hundred day simple moving average is $688.30. iShares Core S&P 500 ETF has a 1-year low of $578.31 and a 1-year high of $753.02. The firm has a market capitalization of $819.85 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00.
iShares Core S&P 500 ETF Profile
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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