First Growth Capital LLC Acquires New Stake in iShares Core S&P 500 ETF $IVV

First Growth Capital LLC acquired a new stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) in the fourth quarter, Holdings Channel reports. The firm acquired 14,498 shares of the company’s stock, valued at approximately $10,077,000. iShares Core S&P 500 ETF makes up about 9.8% of First Growth Capital LLC’s holdings, making the stock its 2nd biggest position.

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

iShares Core S&P 500 ETF Stock Performance

Shares of IVV stock opened at $750.11 on Friday. The company has a market capitalization of $828.31 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a one year low of $594.71 and a one year high of $764.00. The company’s 50-day moving average is $732.59 and its 200 day moving average is $700.32.

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.