Richards Merrill & Peterson Inc. Increases Stock Position in iShares Core S&P 500 ETF $IVV

Richards Merrill & Peterson Inc. raised its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 6.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 538 shares of the company’s stock after purchasing an additional 33 shares during the period. Richards Merrill & Peterson Inc.’s holdings in iShares Core S&P 500 ETF were worth $334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Flaharty Asset Management LLC acquired a new stake in shares of iShares Core S&P 500 ETF in the 1st quarter valued at about $28,000. Lord & Richards Wealth Management LLC acquired a new position in iShares Core S&P 500 ETF during the first quarter worth approximately $31,000. Cheviot Value Management LLC acquired a new position in iShares Core S&P 500 ETF during the first quarter worth approximately $52,000. Hager Investment Management Services LLC purchased a new stake in iShares Core S&P 500 ETF in the second quarter valued at approximately $61,000. Finally, Rice Partnership LLC boosted its holdings in shares of iShares Core S&P 500 ETF by 460.0% in the second quarter. Rice Partnership LLC now owns 112 shares of the company’s stock valued at $70,000 after acquiring an additional 92 shares during the period. Hedge funds and other institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Trading Up 0.8%

Shares of IVV opened at $680.52 on Friday. The company’s 50 day simple moving average is $660.89 and its 200-day simple moving average is $619.75. The firm has a market cap of $713.66 billion, a PE ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 12-month low of $484.00 and a 12-month high of $681.80.

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.