iShares Core S&P 500 ETF $IVV is Sheets Smith Wealth Management’s 2nd Largest Position

Sheets Smith Wealth Management grew its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,651 shares of the company’s stock after buying an additional 750 shares during the quarter. iShares Core S&P 500 ETF accounts for 4.2% of Sheets Smith Wealth Management’s portfolio, making the stock its 2nd largest position. Sheets Smith Wealth Management’s holdings in iShares Core S&P 500 ETF were worth $37,005,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Keenan LLC purchased a new stake in shares of iShares Core S&P 500 ETF in the fourth quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of iShares Core S&P 500 ETF during the 4th quarter valued at about $29,000. GS Investments Inc. raised its holdings in shares of 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 valued at $30,000 after buying an additional 20 shares during the period. Palouse Capital Management Inc. acquired a new position in iShares Core S&P 500 ETF during the 4th quarter worth approximately $38,000. Finally, Imprint Wealth LLC purchased a new position in iShares Core S&P 500 ETF in the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Trading Down 0.3%

Shares of IVV stock opened at $747.78 on Tuesday. The firm has a fifty day simple moving average of $735.30 and a 200-day simple moving average of $701.23. The company has a market capitalization of $825.74 billion, a PE ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a twelve month low of $594.71 and a twelve month high of $764.00.

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.