Pinnacle Associates Ltd. Acquires 2,868 Shares of iShares Core S&P 500 ETF $IVV

Pinnacle Associates Ltd. lifted its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 137,423 shares of the company’s stock after purchasing an additional 2,868 shares during the quarter. iShares Core S&P 500 ETF comprises about 1.2% of Pinnacle Associates Ltd.’s investment portfolio, making the stock its 13th biggest position. Pinnacle Associates Ltd.’s holdings in iShares Core S&P 500 ETF were worth $85,326,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IVV. Johnson Bixby & Associates LLC increased its stake in iShares Core S&P 500 ETF by 1.2% during the second quarter. Johnson Bixby & Associates LLC now owns 1,403 shares of the company’s stock worth $871,000 after acquiring an additional 16 shares during the last quarter. Wealth Watch Advisors INC increased its stake in iShares Core S&P 500 ETF by 1.5% during the second quarter. Wealth Watch Advisors INC now owns 1,098 shares of the company’s stock worth $682,000 after acquiring an additional 16 shares during the last quarter. Activest Wealth Management increased its stake in iShares Core S&P 500 ETF by 1.5% during the first quarter. Activest Wealth Management now owns 1,144 shares of the company’s stock worth $643,000 after acquiring an additional 17 shares during the last quarter. Greenfield Savings Bank increased its stake in iShares Core S&P 500 ETF by 2.0% during the second quarter. Greenfield Savings Bank now owns 869 shares of the company’s stock worth $540,000 after acquiring an additional 17 shares during the last quarter. Finally, Next Level Private LLC increased its stake in iShares Core S&P 500 ETF by 1.6% during the second quarter. Next Level Private LLC now owns 1,089 shares of the company’s stock worth $676,000 after acquiring an additional 17 shares during the last quarter. 70.12% of the stock is currently owned by institutional investors.

iShares Core S&P 500 ETF Stock Performance

IVV opened at $683.23 on Friday. The stock has a market cap of $716.54 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The stock’s 50 day moving average price is $664.56 and its 200-day moving average price is $623.89. iShares Core S&P 500 ETF has a one year low of $484.00 and a one year high of $693.07.

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.