Cornerstone Planning Group LLC Has $11.73 Million Position in iShares Core S&P 500 ETF $IVV

Cornerstone Planning Group LLC grew its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 55.6% during the 1st quarter, HoldingsChannel reports. The fund owned 17,958 shares of the ETF’s stock after acquiring an additional 6,417 shares during the period. iShares Core S&P 500 ETF accounts for 1.6% of Cornerstone Planning Group LLC’s holdings, making the stock its 17th biggest position. Cornerstone Planning Group LLC’s holdings in iShares Core S&P 500 ETF were worth $11,730,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Legacy Private Trust Co. boosted its position in iShares Core S&P 500 ETF by 1.1% during the fourth quarter. Legacy Private Trust Co. now owns 333,049 shares of the ETF’s stock worth $228,119,000 after purchasing an additional 3,711 shares during the period. Belpointe Asset Management LLC raised its position in shares of iShares Core S&P 500 ETF by 4.5% in the fourth quarter. Belpointe Asset Management LLC now owns 39,767 shares of the ETF’s stock valued at $27,239,000 after purchasing an additional 1,700 shares during the period. Hubbell Strickland Wealth Management LLC raised its position in shares of iShares Core S&P 500 ETF by 2.0% in the fourth quarter. Hubbell Strickland Wealth Management LLC now owns 39,670 shares of the ETF’s stock valued at $27,172,000 after purchasing an additional 792 shares during the period. Atria Investments Inc raised its position in shares of iShares Core S&P 500 ETF by 14.0% in the fourth quarter. Atria Investments Inc now owns 251,381 shares of the ETF’s stock valued at $172,181,000 after purchasing an additional 30,777 shares during the period. Finally, M&T Bank Corp lifted its stake in shares of iShares Core S&P 500 ETF by 0.8% in the fourth quarter. M&T Bank Corp now owns 1,309,001 shares of the ETF’s stock worth $896,587,000 after buying an additional 10,723 shares during the last quarter. 70.12% of the stock is owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Trading Down 1.0%

NYSEARCA IVV opened at $746.72 on Friday. The company has a fifty day simple moving average of $748.30 and a 200 day simple moving average of $709.28. The company has a market cap of $879.71 billion, a P/E ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 1 year low of $622.31 and a 1 year high of $764.00.

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.