MV Capital Management Inc. Takes $70.82 Million Position in iShares Core S&P 500 ETF $IVV

MV Capital Management Inc. bought a new stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 103,402 shares of the company’s stock, valued at approximately $70,824,000. iShares Core S&P 500 ETF accounts for about 6.8% of MV Capital Management Inc.’s portfolio, making the stock its 3rd biggest position.

Several other hedge funds have also recently added to or reduced their stakes in the business. Heck Capital Advisors LLC bought a new stake in shares of iShares Core S&P 500 ETF in the 4th quarter valued at approximately $331,591,000. Bison Wealth LLC lifted its position in shares of iShares Core S&P 500 ETF by 24.0% during the 4th quarter. Bison Wealth LLC now owns 7,799 shares of the company’s stock worth $4,591,000 after buying an additional 1,511 shares during the period. Schnieders Capital Management LLC. lifted its position in shares of iShares Core S&P 500 ETF by 0.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 5,656 shares of the company’s stock worth $3,512,000 after buying an additional 45 shares during the period. First Trust Advisors LP boosted its stake in iShares Core S&P 500 ETF by 43.1% in the 2nd quarter. First Trust Advisors LP now owns 6,989 shares of the company’s stock valued at $4,340,000 after buying an additional 2,105 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in iShares Core S&P 500 ETF by 1.2% in the 2nd quarter. Sei Investments Co. now owns 8,455 shares of the company’s stock valued at $5,250,000 after buying an additional 97 shares in the last quarter. Institutional investors and hedge funds own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Price Performance

Shares of NYSEARCA:IVV opened at $750.11 on Friday. The business’s fifty day moving average price is $732.59 and its two-hundred day moving average price is $700.32. iShares Core S&P 500 ETF has a fifty-two week low of $594.71 and a fifty-two week high of $764.00. The stock has a market capitalization of $828.31 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00.

iShares Core S&P 500 ETF 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.