Pinnacle Associates Ltd. Grows Holdings in iShares Core S&P 500 ETF $IVV

Pinnacle Associates Ltd. lifted its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,479 shares of the company’s stock after purchasing an additional 2,056 shares during the period. iShares Core S&P 500 ETF comprises about 1.2% of Pinnacle Associates Ltd.’s portfolio, making the stock its 13th largest holding. Pinnacle Associates Ltd.’s holdings in iShares Core S&P 500 ETF were worth $93,353,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nvwm LLC raised its position in shares of iShares Core S&P 500 ETF by 210.5% during the 2nd quarter. Nvwm LLC now owns 59 shares of the company’s stock worth $37,000 after purchasing an additional 40 shares during the last quarter. Winnow Wealth LLC acquired a new stake in shares of iShares Core S&P 500 ETF in the third quarter valued at approximately $61,000. Conquis Financial LLC purchased a new position in iShares Core S&P 500 ETF during the third quarter worth approximately $82,000. Your Advocates Ltd. LLP lifted its position in iShares Core S&P 500 ETF by 51.6% during the second quarter. Your Advocates Ltd. LLP now owns 138 shares of the company’s stock worth $86,000 after buying an additional 47 shares in the last quarter. Finally, Rice Partnership LLC boosted its position in shares of iShares Core S&P 500 ETF by 30.4% during the 3rd quarter. Rice Partnership LLC now owns 146 shares of the company’s stock valued at $98,000 after acquiring an additional 34 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 Price Performance

NYSEARCA:IVV opened at $675.40 on Friday. iShares Core S&P 500 ETF has a 1-year low of $484.00 and a 1-year high of $700.97. The firm has a market capitalization of $742.40 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The company’s 50-day moving average is $690.86 and its two-hundred day moving average is $678.25.

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.