Meridian Management Co. Purchases 786 Shares of iShares Core S&P 500 ETF $IVV

Meridian Management Co. increased its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 1.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 51,435 shares of the company’s stock after purchasing an additional 786 shares during the quarter. iShares Core S&P 500 ETF comprises 8.7% of Meridian Management Co.’s holdings, making the stock its 2nd biggest position. Meridian Management Co.’s holdings in iShares Core S&P 500 ETF were worth $35,230,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in IVV. Decker Retirement Planning Inc. acquired a new stake in iShares Core S&P 500 ETF during the fourth quarter valued at approximately $29,000. GS Investments Inc. boosted its holdings in iShares Core S&P 500 ETF by 83.3% during the fourth quarter. GS Investments Inc. now owns 44 shares of the company’s stock valued at $30,000 after purchasing an additional 20 shares in the last quarter. Palouse Capital Management Inc. acquired a new stake in iShares Core S&P 500 ETF during the fourth quarter valued at approximately $38,000. Imprint Wealth LLC acquired a new stake in iShares Core S&P 500 ETF during the third quarter valued at approximately $39,000. Finally, Dorato Capital Management acquired a new stake in iShares Core S&P 500 ETF during the fourth quarter valued at approximately $55,000. 70.12% of the stock is owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Trading Up 0.3%

NYSEARCA IVV opened at $762.02 on Tuesday. The stock’s 50 day moving average is $708.13 and its two-hundred day moving average is $693.53. The company has a market capitalization of $841.46 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 $587.88 and a 1-year high of $763.93.

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.