Powerhouse Assets LLC Invests $29.69 Million in iShares Core S&P 500 ETF $IVV

Powerhouse Assets LLC acquired a new stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) in the fourth quarter, HoldingsChannel reports. The fund acquired 43,343 shares of the company’s stock, valued at approximately $29,687,000. iShares Core S&P 500 ETF makes up about 26.1% of Powerhouse Assets LLC’s investment portfolio, making the stock its biggest holding.

A number of other institutional investors have also modified their holdings of IVV. Capital Advisors Inc. OK raised its stake in iShares Core S&P 500 ETF by 32.5% during the fourth quarter. Capital Advisors Inc. OK now owns 4,367 shares of the company’s stock worth $2,991,000 after acquiring an additional 1,072 shares during the period. Victory Financial Group LLC boosted its stake in iShares Core S&P 500 ETF by 12.2% in the fourth quarter. Victory Financial Group LLC now owns 1,259 shares of the company’s stock valued at $862,000 after acquiring an additional 137 shares during the period. Essential Planning LLC. grew its holdings in shares of iShares Core S&P 500 ETF by 5.3% during the fourth quarter. Essential Planning LLC. now owns 9,352 shares of the company’s stock valued at $6,405,000 after purchasing an additional 470 shares during the last quarter. Counterweight Ventures LLC grew its holdings in shares of iShares Core S&P 500 ETF by 1.3% during the fourth quarter. Counterweight Ventures LLC now owns 3,401 shares of the company’s stock valued at $2,330,000 after purchasing an additional 43 shares during the last quarter. Finally, PFG Private Wealth Management LLC acquired a new stake in shares of iShares Core S&P 500 ETF during the 4th quarter worth approximately $31,119,000. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Trading Up 0.1%

Shares of NYSEARCA IVV opened at $658.96 on Friday. The company has a market cap of $724.33 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 12-month low of $484.00 and a 12-month high of $700.97. The stock’s 50 day simple moving average is $679.25 and its 200 day simple moving average is $679.52.

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.