NewEdge Wealth LLC Raises Stock Holdings in iShares Core S&P 500 ETF $IVV

NewEdge Wealth LLC grew its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 37.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,783 shares of the ETF’s stock after acquiring an additional 15,303 shares during the quarter. NewEdge Wealth LLC’s holdings in iShares Core S&P 500 ETF were worth $36,438,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its stake in iShares Core S&P 500 ETF by 1.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 33,837,717 shares of the ETF’s stock valued at $23,176,806,000 after purchasing an additional 409,816 shares during the period. Marshall Wace LLP boosted its stake in shares of iShares Core S&P 500 ETF by 17.9% during the fourth quarter. Marshall Wace LLP now owns 32,452,900 shares of the ETF’s stock worth $22,228,289,000 after buying an additional 4,928,585 shares during the period. Creative Planning boosted its stake in shares of iShares Core S&P 500 ETF by 2.3% during the third quarter. Creative Planning now owns 22,735,267 shares of the ETF’s stock worth $15,216,714,000 after buying an additional 505,293 shares during the period. Bank of America Corp DE grew its holdings in shares of iShares Core S&P 500 ETF by 27.7% during the fourth quarter. Bank of America Corp DE now owns 21,696,475 shares of the ETF’s stock worth $14,860,784,000 after buying an additional 4,709,612 shares during the last quarter. Finally, Corient Private Wealth LLC grew its holdings in shares of iShares Core S&P 500 ETF by 400.8% during the fourth quarter. Corient Private Wealth LLC now owns 17,425,305 shares of the ETF’s stock worth $11,935,288,000 after buying an additional 13,946,081 shares during the last quarter. 70.12% of the stock is currently owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Stock Down 0.1%

Shares of IVV stock opened at $750.93 on Thursday. The stock has a market capitalization of $885.83 billion, a PE ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 52-week low of $622.31 and a 52-week high of $764.00. The stock’s 50-day moving average price is $748.67 and its 200 day moving average price is $710.73.

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.