Summit Financial Strategies Inc. Has $85.19 Million Position in iShares Core S&P 500 ETF $IVV

Summit Financial Strategies Inc. increased its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 3.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 137,209 shares of the company’s stock after purchasing an additional 5,012 shares during the quarter. iShares Core S&P 500 ETF accounts for about 7.9% of Summit Financial Strategies Inc.’s holdings, making the stock its 5th biggest holding. Summit Financial Strategies Inc.’s holdings in iShares Core S&P 500 ETF were worth $85,193,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Johnson Bixby & Associates LLC grew its holdings in iShares Core S&P 500 ETF by 1.2% during the 2nd quarter. Johnson Bixby & Associates LLC now owns 1,403 shares of the company’s stock worth $871,000 after acquiring an additional 16 shares in the last quarter. Activest Wealth Management grew its holdings in iShares Core S&P 500 ETF by 1.5% during the 1st quarter. Activest Wealth Management now owns 1,144 shares of the company’s stock worth $643,000 after acquiring an additional 17 shares in the last quarter. Greenfield Savings Bank grew its holdings in iShares Core S&P 500 ETF by 2.0% during the 2nd quarter. Greenfield Savings Bank now owns 869 shares of the company’s stock worth $540,000 after acquiring an additional 17 shares in the last quarter. Next Level Private LLC grew its holdings in iShares Core S&P 500 ETF by 1.6% during the 2nd quarter. Next Level Private LLC now owns 1,089 shares of the company’s stock worth $676,000 after acquiring an additional 17 shares in the last quarter. Finally, Graham Capital Wealth Management LLC grew its holdings in iShares Core S&P 500 ETF by 2.8% during the 1st quarter. Graham Capital Wealth Management LLC now owns 660 shares of the company’s stock worth $371,000 after acquiring an additional 18 shares in the last quarter. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Price Performance

Shares of IVV stock opened at $671.84 on Thursday. The firm has a market cap of $676.74 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 $484.00 and a 1-year high of $672.62. The firm has a fifty day moving average of $649.90 and a two-hundred day moving average of $605.30.

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.