iShares Core S&P 500 ETF $IVV is Summit Financial Strategies Inc.’s 3rd Largest Position

Summit Financial Strategies Inc. lifted its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 13.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 167,655 shares of the company’s stock after purchasing an additional 19,904 shares during the quarter. iShares Core S&P 500 ETF accounts for approximately 8.6% of Summit Financial Strategies Inc.’s investment portfolio, making the stock its 3rd biggest holding. Summit Financial Strategies Inc.’s holdings in iShares Core S&P 500 ETF were worth $109,514,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Keenan LLC purchased a new position in iShares Core S&P 500 ETF in the 4th quarter worth $26,000. Decker Retirement Planning Inc. purchased a new stake in iShares Core S&P 500 ETF during the 4th quarter valued at about $29,000. GS Investments Inc. grew its stake in iShares Core S&P 500 ETF by 83.3% during the 4th quarter. GS Investments Inc. now owns 44 shares of the company’s stock valued at $30,000 after purchasing an additional 20 shares during the last quarter. Palouse Capital Management Inc. acquired a new position in shares of iShares Core S&P 500 ETF in the fourth quarter valued at about $38,000. Finally, Imprint Wealth LLC acquired a new position in shares of iShares Core S&P 500 ETF in the third quarter valued at about $39,000. 70.12% of the stock is currently owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Stock Up 0.4%

Shares of NYSEARCA:IVV traded up $3.06 during trading on Friday, hitting $758.11. The stock had a trading volume of 4,650,916 shares, compared to its average volume of 8,617,790. iShares Core S&P 500 ETF has a 12-month low of $621.05 and a 12-month high of $764.00. The stock has a market capitalization of $895.93 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The stock has a 50-day simple moving average of $746.21 and a two-hundred day simple moving average of $707.12.

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.