iShares Core S&P 500 ETF $IVV Stock Position Boosted by Summit Financial Strategies Inc.

Summit Financial Strategies Inc. boosted its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 13.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 167,655 shares of the company’s stock after purchasing an additional 19,904 shares during the quarter. iShares Core S&P 500 ETF makes up approximately 8.6% of Summit Financial Strategies Inc.’s investment portfolio, making the stock its 3rd largest holding. Summit Financial Strategies Inc.’s holdings in iShares Core S&P 500 ETF were worth $109,514,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Keenan LLC acquired a new stake in iShares Core S&P 500 ETF in the fourth quarter valued at approximately $26,000. Decker Retirement Planning Inc. acquired a new position in shares of iShares Core S&P 500 ETF during the fourth quarter worth $29,000. GS Investments Inc. lifted its holdings in shares of iShares Core S&P 500 ETF by 83.3% during the 4th 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. purchased a new stake in shares of iShares Core S&P 500 ETF during the 4th quarter valued at $38,000. Finally, Imprint Wealth LLC acquired a new stake in shares of iShares Core S&P 500 ETF in the 3rd quarter worth $39,000. 70.12% of the stock is currently owned by institutional investors.

iShares Core S&P 500 ETF Stock Performance

IVV stock traded up $3.06 on Friday, hitting $758.11. 4,650,916 shares of the company’s stock were exchanged, compared to its average volume of 8,617,790. iShares Core S&P 500 ETF has a 12-month low of $621.05 and a 12-month high of $764.00. The firm has a 50 day moving average price of $746.21 and a two-hundred day moving average price of $707.12. The stock has a market cap of $895.93 billion, a P/E ratio of 25.10 and a beta of 1.00.

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.