Briggs Wealth Management Inc Invests $587,000 in iShares Core S&P 500 ETF $IVV

Briggs Wealth Management Inc bought a new position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 857 shares of the company’s stock, valued at approximately $587,000. iShares Core S&P 500 ETF makes up 0.6% of Briggs Wealth Management Inc’s portfolio, making the stock its 21st largest holding.

Several other institutional investors have also bought and sold shares of IVV. ATX Financial Planning LLC bought a new stake in iShares Core S&P 500 ETF in the fourth quarter valued at $6,274,000. Michels Family Financial LLC raised its stake in iShares Core S&P 500 ETF by 1.4% during the fourth quarter. Michels Family Financial LLC now owns 6,382 shares of the company’s stock worth $4,372,000 after acquiring an additional 86 shares in the last quarter. Torrey Payne Wealth Management LLC bought a new position in shares of iShares Core S&P 500 ETF during the fourth quarter valued at $4,115,000. Evansbrook LLC bought a new position in shares of iShares Core S&P 500 ETF during the fourth quarter valued at $529,000. Finally, CBM Financial LLC acquired a new stake in shares of iShares Core S&P 500 ETF in the 4th quarter valued at $10,589,000. Institutional investors and hedge funds own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Performance

Shares of NYSEARCA:IVV opened at $750.11 on Friday. The company’s fifty day moving average is $732.59 and its 200-day moving average is $700.32. iShares Core S&P 500 ETF has a 52 week low of $594.71 and a 52 week high of $764.00. The company has a market capitalization of $828.31 billion, a PE ratio of 25.10 and a beta of 1.00.

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.