Torrey Payne Wealth Management LLC Acquires New Stake in iShares Core S&P 500 ETF $IVV

Torrey Payne Wealth Management LLC bought a new position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 5,914 shares of the company’s stock, valued at approximately $4,115,000. iShares Core S&P 500 ETF accounts for about 3.7% of Torrey Payne Wealth Management LLC’s investment portfolio, making the stock its 10th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. bought a new stake in iShares Core S&P 500 ETF in the fourth quarter valued at approximately $29,000. GS Investments Inc. raised its holdings in iShares Core S&P 500 ETF by 83.3% during the 4th quarter. GS Investments Inc. now owns 44 shares of the company’s stock worth $30,000 after purchasing an additional 20 shares during the last quarter. Palouse Capital Management Inc. bought a new position in iShares Core S&P 500 ETF during the 4th quarter worth approximately $38,000. Imprint Wealth LLC acquired a new position in shares of iShares Core S&P 500 ETF in the 3rd quarter worth approximately $39,000. Finally, Prosperity Bancshares Inc acquired a new position in shares of iShares Core S&P 500 ETF in the 4th quarter worth approximately $44,000. 70.12% of the stock is owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Stock Performance

NYSEARCA:IVV opened at $750.11 on Friday. The firm’s fifty day moving average is $732.59 and its 200-day moving average is $700.32. iShares Core S&P 500 ETF has a 52 week low of $594.71 and a 52 week high of $764.00. The firm has a market cap of $828.31 billion, a P/E 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.