Polen Capital Management LLC Invests $9.36 Million in iShares Core S&P 500 ETF $IVV

Polen Capital Management LLC acquired a new stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) in the fourth quarter, Holdings Channel.com reports. The fund acquired 13,669 shares of the company’s stock, valued at approximately $9,362,000.

A number of other hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of iShares Core S&P 500 ETF by 1.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 33,837,717 shares of the company’s stock valued at $23,176,806,000 after purchasing an additional 409,816 shares during the period. Marshall Wace LLP grew its holdings in shares of iShares Core S&P 500 ETF by 28.5% in the third quarter. Marshall Wace LLP now owns 27,524,315 shares of the company’s stock valued at $18,422,024,000 after purchasing an additional 6,101,936 shares during the period. Creative Planning grew its holdings in shares of iShares Core S&P 500 ETF by 2.3% in the third quarter. Creative Planning now owns 22,735,267 shares of the company’s stock valued at $15,216,714,000 after purchasing an additional 505,293 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of iShares Core S&P 500 ETF by 40.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 16,809,463 shares of the company’s stock valued at $11,513,474,000 after purchasing an additional 4,854,227 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of iShares Core S&P 500 ETF by 2.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,763,521 shares of the company’s stock valued at $10,797,066,000 after purchasing an additional 310,464 shares during the period. Hedge funds and other institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Trading Up 1.7%

Shares of IVV opened at $741.05 on Friday. iShares Core S&P 500 ETF has a 12-month low of $594.71 and a 12-month high of $764.00. The firm has a 50-day moving average price of $723.67 and a 200 day moving average price of $697.90. The firm has a market capitalization of $818.30 billion, a P/E ratio of 25.10 and a beta of 1.00.

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. 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.