ELM Advisors LLC Increases Position in iShares S&P 500 Index (IVV)

ELM Advisors LLC lifted its stake in shares of iShares S&P 500 Index (NYSEARCA:IVV) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 35,347 shares of the company’s stock after buying an additional 537 shares during the period. iShares S&P 500 Index comprises about 7.1% of ELM Advisors LLC’s holdings, making the stock its 3rd largest position. ELM Advisors LLC’s holdings in iShares S&P 500 Index were worth $9,503,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. First Financial Bank Trust Division grew its holdings in iShares S&P 500 Index by 15.8% in the fourth quarter. First Financial Bank Trust Division now owns 4,777 shares of the company’s stock worth $1,284,000 after purchasing an additional 653 shares during the period. Vista Private Wealth Partners. LLC purchased a new stake in iShares S&P 500 Index in the third quarter worth about $2,452,000. Oak Point Wealth Management purchased a new stake in iShares S&P 500 Index in the fourth quarter worth about $2,565,000. Hefty Wealth Partners grew its holdings in iShares S&P 500 Index by 4.4% in the fourth quarter. Hefty Wealth Partners now owns 10,575 shares of the company’s stock worth $2,843,000 after purchasing an additional 446 shares during the period. Finally, P Solve Investments Ltd purchased a new stake in iShares S&P 500 Index in the third quarter worth about $4,725,000.

Shares of iShares S&P 500 Index (NYSEARCA IVV) traded up $0.63 on Tuesday, reaching $276.57. 3,149,868 shares of the company’s stock were exchanged, compared to its average volume of 4,315,121. The stock has a market capitalization of $147,070.00 and a PE ratio of 12.24. iShares S&P 500 Index has a twelve month low of $226.32 and a twelve month high of $277.25.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Shareholders of record on Wednesday, December 20th were issued a $1.2727 dividend. This represents a $5.09 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Tuesday, December 19th. iShares S&P 500 Index’s dividend payout ratio (DPR) is presently 20.85%.

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iShares S&P 500 Index Company 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.

Want to see what other hedge funds are holding IVV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P 500 Index (NYSEARCA:IVV).

Institutional Ownership by Quarter for iShares S&P 500 Index (NYSEARCA:IVV)

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