Secure Asset Management LLC Purchases 1,570 Shares of iShares Core S&P 500 ETF $IVV

Secure Asset Management LLC boosted its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 6.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 24,557 shares of the ETF’s stock after buying an additional 1,570 shares during the quarter. iShares Core S&P 500 ETF comprises approximately 2.6% of Secure Asset Management LLC’s investment portfolio, making the stock its 4th biggest holding. Secure Asset Management LLC’s holdings in iShares Core S&P 500 ETF were worth $18,390,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Keenan LLC purchased a new stake in iShares Core S&P 500 ETF during the 4th quarter worth $26,000. Punch & Associates Investment Management Inc. increased its position in shares of 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 worth $27,000 after purchasing an additional 14 shares during the last quarter. GS Investments Inc. raised its stake in iShares Core S&P 500 ETF by 83.3% during the fourth quarter. GS Investments Inc. now owns 44 shares of the ETF’s stock valued at $30,000 after buying an additional 20 shares in the last quarter. Allied Private Wealth LLC acquired a new stake in shares of iShares Core S&P 500 ETF during the 2nd quarter valued at approximately $33,000. Finally, Imprint Wealth LLC acquired a new position in shares of iShares Core S&P 500 ETF in the 3rd quarter valued at about $39,000. 70.12% of the stock is owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Trading Down 0.7%

Shares of NYSEARCA IVV opened at $765.35 on Wednesday. iShares Core S&P 500 ETF has a 12-month low of $632.14 and a 12-month high of $783.09. The company has a market cap of $888.99 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The stock’s 50 day simple moving average is $758.36 and its 200 day simple moving average is $725.41.

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.