Hsbc Holdings PLC Purchases 1,334,300 Shares of iShares Core S&P 500 ETF $IVV

Hsbc Holdings PLC lifted its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 248.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,871,052 shares of the company’s stock after purchasing an additional 1,334,300 shares during the period. iShares Core S&P 500 ETF makes up about 0.7% of Hsbc Holdings PLC’s holdings, making the stock its 17th largest holding. Hsbc Holdings PLC’s holdings in iShares Core S&P 500 ETF were worth $1,285,831,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Keenan LLC acquired a new position in iShares Core S&P 500 ETF during the 4th quarter worth $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of iShares Core S&P 500 ETF in the fourth quarter valued at about $29,000. GS Investments Inc. grew its position in shares of iShares Core S&P 500 ETF by 83.3% in the fourth quarter. GS Investments Inc. now owns 44 shares of the company’s stock valued at $30,000 after purchasing an additional 20 shares during the last quarter. Palouse Capital Management Inc. bought a new position in shares of iShares Core S&P 500 ETF in the fourth quarter worth about $38,000. Finally, Imprint Wealth LLC bought a new position in shares of iShares Core S&P 500 ETF in the third quarter worth about $39,000. 70.12% of the stock is currently owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Stock Performance

NYSEARCA IVV opened at $749.10 on Thursday. The stock has a 50-day simple moving average of $740.89 and a 200 day simple moving average of $703.77. iShares Core S&P 500 ETF has a twelve month low of $619.58 and a twelve month high of $764.00. The stock has a market capitalization of $888.13 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.