BFI Infinity Ltd. Takes $1.37 Million Position in iShares Core S&P 500 ETF $IVV

BFI Infinity Ltd. purchased a new position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,213 shares of the company’s stock, valued at approximately $1,374,000. iShares Core S&P 500 ETF accounts for approximately 1.1% of BFI Infinity Ltd.’s portfolio, making the stock its 12th biggest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IVV. Envestnet Asset Management Inc. grew its stake in iShares Core S&P 500 ETF by 6.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 35,694,204 shares of the company’s stock valued at $20,056,573,000 after buying an additional 2,160,133 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares Core S&P 500 ETF by 2.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 31,297,509 shares of the company’s stock worth $17,586,070,000 after acquiring an additional 768,618 shares in the last quarter. New Vernon Capital Holdings II LLC boosted its holdings in shares of iShares Core S&P 500 ETF by 53,779.2% in the first quarter. New Vernon Capital Holdings II LLC now owns 24,775,295 shares of the company’s stock worth $13,921,238,000 after acquiring an additional 24,729,312 shares during the period. JPMorgan Chase & Co. grew its position in shares of iShares Core S&P 500 ETF by 31.4% in the first quarter. JPMorgan Chase & Co. now owns 23,892,610 shares of the company’s stock valued at $13,425,259,000 after purchasing an additional 5,708,115 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of iShares Core S&P 500 ETF by 1.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 15,270,271 shares of the company’s stock valued at $8,580,365,000 after purchasing an additional 146,638 shares during the period. 70.12% of the stock is currently owned by institutional investors.

iShares Core S&P 500 ETF Stock Performance

Shares of IVV opened at $671.84 on Thursday. iShares Core S&P 500 ETF has a 52-week low of $484.00 and a 52-week high of $672.62. The stock’s 50-day simple moving average is $649.90 and its 200 day simple moving average is $605.30. The stock has a market capitalization of $676.74 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00.

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.