SVB Wealth LLC Grows Stake in iShares Core S&P 500 ETF $IVV

SVB Wealth LLC boosted its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 7.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 54,435 shares of the company’s stock after buying an additional 3,983 shares during the period. iShares Core S&P 500 ETF makes up 2.3% of SVB Wealth LLC’s investment portfolio, making the stock its 10th largest position. SVB Wealth LLC’s holdings in iShares Core S&P 500 ETF were worth $35,557,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IVV. Cornell Pochily Investment Advisors Inc. lifted its holdings in shares of iShares Core S&P 500 ETF by 1.1% during the first quarter. Cornell Pochily Investment Advisors Inc. now owns 7,226 shares of the company’s stock valued at $4,720,000 after purchasing an additional 77 shares in the last quarter. Novare Capital Management LLC increased its holdings in iShares Core S&P 500 ETF by 0.4% in the 1st quarter. Novare Capital Management LLC now owns 71,701 shares of the company’s stock worth $46,836,000 after buying an additional 297 shares in the last quarter. Summit Wealth Partners LLC increased its holdings in iShares Core S&P 500 ETF by 4.1% in the 1st quarter. Summit Wealth Partners LLC now owns 43,350 shares of the company’s stock worth $28,317,000 after buying an additional 1,701 shares in the last quarter. SWP Financial LLC raised its position in iShares Core S&P 500 ETF by 11.8% in the 1st quarter. SWP Financial LLC now owns 30,335 shares of the company’s stock worth $19,815,000 after buying an additional 3,193 shares during the last quarter. Finally, Verde Capital Management raised its position in iShares Core S&P 500 ETF by 43.1% in the 1st quarter. Verde Capital Management now owns 846 shares of the company’s stock worth $553,000 after buying an additional 255 shares during the last quarter. 70.12% of the stock is currently owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Stock Performance

IVV opened at $737.14 on Wednesday. The stock has a market capitalization of $813.99 billion, a P/E ratio of 25.10 and a beta of 1.00. The company’s 50-day simple moving average is $736.39 and its two-hundred day simple moving average is $701.58. iShares Core S&P 500 ETF has a 52-week low of $606.31 and a 52-week high of $764.00.

iShares Core S&P 500 ETF 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.