Richards Merrill & Peterson Inc. Raises Stake in iShares Core S&P 500 ETF $IVV

Richards Merrill & Peterson Inc. boosted its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 6.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 538 shares of the company’s stock after acquiring an additional 33 shares during the period. Richards Merrill & Peterson Inc.’s holdings in iShares Core S&P 500 ETF were worth $334,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of IVV. Flaharty Asset Management LLC acquired a new position in shares of iShares Core S&P 500 ETF during the first quarter worth $28,000. Lord & Richards Wealth Management LLC purchased a new stake in iShares Core S&P 500 ETF during the 1st quarter worth about $31,000. Cheviot Value Management LLC purchased a new stake in iShares Core S&P 500 ETF during the 1st quarter worth about $52,000. Hager Investment Management Services LLC acquired a new position in shares of iShares Core S&P 500 ETF during the 2nd quarter worth about $61,000. Finally, Rice Partnership LLC boosted its position in shares of iShares Core S&P 500 ETF by 460.0% during the 2nd quarter. Rice Partnership LLC now owns 112 shares of the company’s stock worth $70,000 after acquiring an additional 92 shares in the last quarter. 70.12% of the stock is currently owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Stock Performance

Shares of NYSEARCA IVV opened at $680.52 on Friday. iShares Core S&P 500 ETF has a fifty-two week low of $484.00 and a fifty-two week high of $681.80. The firm has a market capitalization of $713.66 billion, a PE ratio of 25.10 and a beta of 1.00. The stock’s 50-day simple moving average is $660.89 and its 200-day simple moving average is $619.75.

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.