Rose Capital Advisors LLC Makes New $24.31 Million Investment in iShares Core S&P 500 ETF $IVV

Rose Capital Advisors LLC purchased a new position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) during the second quarter, HoldingsChannel reports. The institutional investor purchased 32,464 shares of the ETF’s stock, valued at approximately $24,312,000. iShares Core S&P 500 ETF accounts for 12.2% of Rose Capital Advisors LLC’s investment portfolio, making the stock its biggest position.

Several other hedge funds have also made changes to their positions in IVV. Keenan LLC purchased a new position in iShares Core S&P 500 ETF during the fourth quarter worth about $26,000. Punch & Associates Investment Management Inc. grew its holdings in iShares Core S&P 500 ETF by 50.0% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock valued at $27,000 after buying an additional 14 shares during the period. Allied Private Wealth LLC purchased a new stake in iShares Core S&P 500 ETF in the 2nd quarter valued at about $33,000. Montgomery Financial Services LLC acquired a new position in shares of iShares Core S&P 500 ETF during the 2nd quarter valued at about $32,000. Finally, GS Investments Inc. increased its stake in shares of iShares Core S&P 500 ETF by 83.3% during the 4th quarter. GS Investments Inc. now owns 44 shares of the ETF’s stock valued at $30,000 after acquiring an additional 20 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

IVV opened at $773.92 on Friday. The company’s 50 day simple moving average is $760.69 and its 200 day simple moving average is $726.99. iShares Core S&P 500 ETF has a 1 year low of $632.14 and a 1 year high of $783.09. The stock has a market capitalization of $898.95 billion, a PE ratio of 25.10 and a beta of 1.00.

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.