SVB Wealth LLC Takes $31.19 Million Position in iShares Core S&P 500 ETF $IVV

SVB Wealth LLC bought a new position in iShares Core S&P 500 ETF (NYSEARCA:IVV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 50,232 shares of the company’s stock, valued at approximately $31,189,000. iShares Core S&P 500 ETF makes up about 1.7% of SVB Wealth LLC’s investment portfolio, making the stock its 13th biggest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Flaharty Asset Management LLC bought a new position in shares of iShares Core S&P 500 ETF in the first quarter valued at $28,000. Nvwm LLC boosted its stake in shares of iShares Core S&P 500 ETF by 210.5% during the 2nd quarter. Nvwm LLC now owns 59 shares of the company’s stock worth $37,000 after acquiring an additional 40 shares in the last quarter. Hager Investment Management Services LLC acquired a new position in shares of iShares Core S&P 500 ETF in the 2nd quarter worth $61,000. Rice Partnership LLC raised its position in shares of iShares Core S&P 500 ETF by 460.0% during the second quarter. Rice Partnership LLC now owns 112 shares of the company’s stock worth $70,000 after purchasing an additional 92 shares during the period. Finally, Wealth Preservation Advisors LLC acquired a new stake in shares of iShares Core S&P 500 ETF during the first quarter worth $76,000. 70.12% of the stock is owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Stock Up 0.2%

NYSEARCA:IVV opened at $689.11 on Monday. The stock has a fifty day simple moving average of $676.16 and a 200 day simple moving average of $646.25. The firm has a market capitalization of $723.22 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 1-year low of $484.00 and a 1-year high of $693.07.

iShares Core S&P 500 ETF 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.