iShares Core S&P 500 ETF $IVV Shares Bought by Eastern Bank

Eastern Bank raised its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 5.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,187 shares of the company’s stock after buying an additional 7,303 shares during the period. iShares Core S&P 500 ETF comprises about 1.6% of Eastern Bank’s holdings, making the stock its 16th largest position. Eastern Bank’s holdings in iShares Core S&P 500 ETF were worth $85,180,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IVV. Flaharty Asset Management LLC purchased a new position in shares of iShares Core S&P 500 ETF during the first quarter worth about $28,000. Lord & Richards Wealth Management LLC purchased a new position in shares of iShares Core S&P 500 ETF during the first quarter worth about $31,000. Cheviot Value Management LLC purchased a new position in shares of iShares Core S&P 500 ETF during the first quarter worth about $52,000. Inlight Wealth Management LLC purchased a new position in shares of iShares Core S&P 500 ETF during the first quarter worth about $60,000. Finally, Hager Investment Management Services LLC purchased a new position in shares of iShares Core S&P 500 ETF during the second quarter worth about $61,000. 70.12% of the stock is currently owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Stock Performance

Shares of IVV stock opened at $666.23 on Tuesday. The stock’s 50-day moving average is $655.47 and its two-hundred day moving average is $611.52. The firm has a market cap of $695.58 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 $484.00 and a 1 year high of $677.20.

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.