Objective Capital Management LLC Raises Stock Position in iShares Core S&P 500 ETF $IVV

Objective Capital Management LLC boosted its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 7.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 19,606 shares of the company’s stock after acquiring an additional 1,286 shares during the quarter. iShares Core S&P 500 ETF makes up approximately 13.6% of Objective Capital Management LLC’s holdings, making the stock its biggest holding. Objective Capital Management LLC’s holdings in iShares Core S&P 500 ETF were worth $13,122,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Avidian Wealth Enterprises LLC increased its position in shares of iShares Core S&P 500 ETF by 2.0% in the third quarter. Avidian Wealth Enterprises LLC now owns 618,683 shares of the company’s stock valued at $414,085,000 after acquiring an additional 12,426 shares during the period. Rakuten Investment Management Inc. bought a new stake in shares of iShares Core S&P 500 ETF in the third quarter worth about $69,534,000. BankPlus Wealth Management LLC increased its holdings in iShares Core S&P 500 ETF by 2.1% during the 3rd quarter. BankPlus Wealth Management LLC now owns 74,563 shares of the company’s stock valued at $49,910,000 after purchasing an additional 1,514 shares during the period. Next Level Wealth Planning LLC increased its holdings in iShares Core S&P 500 ETF by 3.3% during the 3rd quarter. Next Level Wealth Planning LLC now owns 2,437 shares of the company’s stock valued at $1,631,000 after purchasing an additional 78 shares during the period. Finally, Chicago Partners Investment Group LLC raised its position in iShares Core S&P 500 ETF by 1.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 60,794 shares of the company’s stock valued at $41,969,000 after purchasing an additional 877 shares during the last quarter. Hedge funds and other institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Performance

NYSEARCA IVV opened at $680.60 on Wednesday. The stock has a market cap of $750.26 billion, a P/E ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a fifty-two week low of $484.00 and a fifty-two week high of $699.17. The stock has a 50 day simple moving average of $684.94 and a two-hundred day simple moving average of $665.66.

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.