BIP Alliance LLC Makes New Investment in iShares Core S&P 500 ETF (NYSEARCA:IVV)

BIP Alliance LLC purchased a new stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 961 shares of the company’s stock, valued at approximately $566,000.

Other institutional investors have also recently made changes to their positions in the company. Marshall Wace LLP raised its stake in iShares Core S&P 500 ETF by 1.9% in the 4th quarter. Marshall Wace LLP now owns 23,607,000 shares of the company’s stock valued at $13,896,969,000 after acquiring an additional 446,000 shares during the period. JPMorgan Chase & Co. boosted its position in iShares Core S&P 500 ETF by 11.7% during the third quarter. JPMorgan Chase & Co. now owns 20,924,985 shares of the company’s stock worth $12,069,951,000 after purchasing an additional 2,187,803 shares during the period. Wells Fargo & Company MN increased its stake in shares of iShares Core S&P 500 ETF by 11.8% in the fourth quarter. Wells Fargo & Company MN now owns 17,852,125 shares of the company’s stock worth $10,509,189,000 after purchasing an additional 1,885,907 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of iShares Core S&P 500 ETF by 2.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,123,633 shares of the company’s stock worth $8,902,980,000 after purchasing an additional 338,269 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of iShares Core S&P 500 ETF by 1.3% in the fourth quarter. Bank of New York Mellon Corp now owns 13,904,814 shares of the company’s stock valued at $8,185,485,000 after purchasing an additional 183,962 shares during the period.

iShares Core S&P 500 ETF Trading Up 0.0%

Shares of IVV stock opened at $585.76 on Friday. The firm’s 50 day moving average is $556.34 and its 200 day moving average is $583.18. The stock has a market capitalization of $582.39 billion, a P/E ratio of 24.62 and a beta of 1.01. iShares Core S&P 500 ETF has a 12 month low of $484.00 and a 12 month high of $616.22.

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.