Northwestern Mutual Investment Management Company LLC Acquires 97,400 Shares of iShares Core S&P 500 ETF $IVV

Northwestern Mutual Investment Management Company LLC lifted its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 6.9% during the fourth quarter, Holdings Channel reports. The firm owned 1,504,300 shares of the company’s stock after acquiring an additional 97,400 shares during the quarter. iShares Core S&P 500 ETF makes up about 12.0% of Northwestern Mutual Investment Management Company LLC’s portfolio, making the stock its 2nd largest holding. Northwestern Mutual Investment Management Company LLC’s holdings in iShares Core S&P 500 ETF were worth $1,030,355,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in IVV. Heck Capital Advisors LLC acquired a new stake in shares of iShares Core S&P 500 ETF during the fourth quarter worth about $331,591,000. Bison Wealth LLC increased its position in shares of iShares Core S&P 500 ETF by 24.0% during the fourth quarter. Bison Wealth LLC now owns 7,799 shares of the company’s stock worth $4,591,000 after purchasing an additional 1,511 shares in the last quarter. Schnieders Capital Management LLC. increased its position in shares of iShares Core S&P 500 ETF by 0.8% during the second quarter. Schnieders Capital Management LLC. now owns 5,656 shares of the company’s stock worth $3,512,000 after purchasing an additional 45 shares in the last quarter. First Trust Advisors LP increased its position in shares of iShares Core S&P 500 ETF by 43.1% during the second quarter. First Trust Advisors LP now owns 6,989 shares of the company’s stock worth $4,340,000 after purchasing an additional 2,105 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of iShares Core S&P 500 ETF by 1.2% during the second quarter. Sei Investments Co. now owns 8,455 shares of the company’s stock worth $5,250,000 after purchasing 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 Stock Performance

IVV opened at $742.45 on Friday. The business’s 50-day simple moving average is $691.05 and its 200-day simple moving average is $688.30. iShares Core S&P 500 ETF has a one year low of $578.31 and a one year high of $753.02. The stock has a market capitalization of $819.85 billion, a P/E ratio of 25.10 and a beta of 1.00.

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.