Tectonic Advisors LLC Grows Stake in iShares Core S&P 500 ETF $IVV

Tectonic Advisors LLC boosted its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 3.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 126,289 shares of the company’s stock after buying an additional 4,093 shares during the quarter. iShares Core S&P 500 ETF accounts for 4.6% of Tectonic Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Tectonic Advisors LLC’s holdings in iShares Core S&P 500 ETF were worth $84,525,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IVV. JPMorgan Chase & Co. boosted its holdings in shares of iShares Core S&P 500 ETF by 18.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 28,271,587 shares of the company’s stock valued at $17,553,830,000 after buying an additional 4,378,977 shares during the last quarter. Laurel Wealth Advisors LLC lifted its stake in iShares Core S&P 500 ETF by 63,164.8% in the second quarter. Laurel Wealth Advisors LLC now owns 2,748,222 shares of the company’s stock valued at $1,706,371,000 after acquiring an additional 2,743,878 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in iShares Core S&P 500 ETF by 21.5% in the first quarter. Jones Financial Companies Lllp now owns 14,644,144 shares of the company’s stock valued at $7,861,763,000 after acquiring an additional 2,592,493 shares during the last quarter. Soundwatch Capital LLC grew its position in shares of iShares Core S&P 500 ETF by 474.9% in the 2nd quarter. Soundwatch Capital LLC now owns 1,507,952 shares of the company’s stock valued at $936,287,000 after acquiring an additional 1,245,649 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares Core S&P 500 ETF by 3.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 32,488,472 shares of the company’s stock worth $20,172,093,000 after purchasing an additional 1,190,963 shares during the last quarter. Institutional investors and hedge funds own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Performance

Shares of IVV stock opened at $686.19 on Friday. iShares Core S&P 500 ETF has a 52-week low of $484.00 and a 52-week high of $694.70. The stock has a market cap of $720.16 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The firm’s 50-day moving average is $682.57 and its 200-day moving average is $658.55.

iShares Core S&P 500 ETF Company 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.