Rakuten Investment Management Inc. Purchases Shares of 104,287 iShares Core S&P 500 ETF $IVV

Rakuten Investment Management Inc. acquired a new position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) in the third quarter, Holdings Channel reports. The fund acquired 104,287 shares of the company’s stock, valued at approximately $69,534,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Nvwm LLC boosted its holdings in iShares Core S&P 500 ETF by 210.5% during the second quarter. Nvwm LLC now owns 59 shares of the company’s stock valued at $37,000 after purchasing 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 approximately $61,000. Rice Partnership LLC raised its holdings in shares of iShares Core S&P 500 ETF by 460.0% in the 2nd quarter. Rice Partnership LLC now owns 112 shares of the company’s stock worth $70,000 after buying an additional 92 shares in the last quarter. Creative Capital Management Investments LLC bought a new position in shares of iShares Core S&P 500 ETF during the 2nd quarter worth approximately $80,000. Finally, Missouri Trust & Investment Co boosted its stake in iShares Core S&P 500 ETF by 33.0% in the 2nd quarter. Missouri Trust & Investment Co now owns 133 shares of the company’s stock valued at $83,000 after buying an additional 33 shares in the last quarter. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Price Performance

Shares of NYSEARCA:IVV opened at $680.60 on Wednesday. The business’s fifty day moving average price is $684.94 and its two-hundred day moving average price is $665.66. iShares Core S&P 500 ETF has a fifty-two week low of $484.00 and a fifty-two week high of $699.17. The stock has a market capitalization of $750.26 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. The component stocks are weighted according to the total float-adjusted market value of their outstanding shares. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.