Matrix Private Capital Group LLC Acquires Shares of 915 iShares Core S&P 500 ETF $IVV

Matrix Private Capital Group LLC acquired a new position in iShares Core S&P 500 ETF (NYSEARCA:IVV) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 915 shares of the ETF’s stock, valued at approximately $598,000.

Several other institutional investors have also added to or reduced their stakes in the company. Waverly Advisors LLC raised its holdings in shares of iShares Core S&P 500 ETF by 4.8% in the first quarter. Waverly Advisors LLC now owns 1,249,076 shares of the ETF’s stock worth $815,909,000 after buying an additional 57,497 shares during the period. Punch & Associates Investment Management Inc. boosted its holdings in iShares Core S&P 500 ETF by 50.0% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock valued at $27,000 after acquiring an additional 14 shares during the period. Wealth Alliance LLC grew its position in iShares Core S&P 500 ETF by 12.9% in the 1st quarter. Wealth Alliance LLC now owns 62,811 shares of the ETF’s stock valued at $41,029,000 after acquiring an additional 7,192 shares during the last quarter. Bridgewater Advisors Inc. grew its position in iShares Core S&P 500 ETF by 1.1% in the 1st quarter. Bridgewater Advisors Inc. now owns 6,229 shares of the ETF’s stock valued at $4,069,000 after acquiring an additional 65 shares during the last quarter. Finally, Sentinel Advisory Group LLC purchased a new stake in iShares Core S&P 500 ETF in the first quarter worth $41,790,000. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Price Performance

Shares of IVV opened at $742.36 on Friday. The firm has a market capitalization of $869.34 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 1-year low of $622.31 and a 1-year high of $764.00. The company has a 50-day moving average of $748.47 and a 200 day moving average of $711.34.

Key Stories Impacting iShares Core S&P 500 ETF

Here are the key news stories impacting iShares Core S&P 500 ETF this week:

• Negative Sentiment: The S&P 500 ended a choppy week in the red, falling 0.6% and logging a second straight weekly decline, which can weigh on IVV because it mirrors the index. S&P 500 Snapshot: Index Ends Choppy Week in the Red
• Negative Sentiment: Rising Treasury yields and a spike in oil prices have pressured stocks, with traders watching for more volatility and possible further downside in the S&P 500. S&P 500 Slides as Rising Treasury Yields Pressure Stocks
• Negative Sentiment: Options traders are eyeing key “risk pivot” levels as the S&P 500 sells off, suggesting markets remain fragile and could stay choppy near term. As the S&P 500 sells off, traders eye key ‘risk pivot’ level
• Neutral Sentiment: Friday’s U.S. trading session was mixed, with the Dow supported by Apple while semiconductor weakness held back the broader market, leaving the S&P 500 near flat on the day. Dow gains as Apple offsets chip weakness, S&P 500 closes near flat
• Neutral Sentiment: Commentary on BlackRock’s iShares franchise and broad S&P 500 exposure highlights the ETF’s size and popularity, but does not indicate a direct catalyst for IVV’s price. Inside the Success of BlackRock’s iShares ETFs

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.