SVB Wealth LLC Makes New $31.19 Million Investment in iShares Core S&P 500 ETF $IVV

SVB Wealth LLC acquired a new stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) during the second quarter, Holdings Channel.com reports. The fund acquired 50,232 shares of the company’s stock, valued at approximately $31,189,000. iShares Core S&P 500 ETF accounts for approximately 1.7% of SVB Wealth LLC’s portfolio, making the stock its 13th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in iShares Core S&P 500 ETF by 3.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 32,488,472 shares of the company’s stock worth $20,172,093,000 after acquiring an additional 1,190,963 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in iShares Core S&P 500 ETF by 18.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 28,271,587 shares of the company’s stock valued at $17,553,830,000 after buying an additional 4,378,977 shares during the last quarter. New Vernon Capital Holdings II LLC grew its stake in shares of iShares Core S&P 500 ETF by 53,779.2% in the first quarter. New Vernon Capital Holdings II LLC now owns 24,775,295 shares of the company’s stock worth $13,921,238,000 after acquiring an additional 24,729,312 shares during the last quarter. Creative Planning increased its position in iShares Core S&P 500 ETF by 1.8% during the second quarter. Creative Planning now owns 22,229,974 shares of the company’s stock worth $13,802,591,000 after acquiring an additional 398,230 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in iShares Core S&P 500 ETF by 0.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 15,375,370 shares of the company’s stock valued at $9,546,567,000 after purchasing an additional 105,099 shares during the last quarter. Hedge funds and other institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Price Performance

Shares of iShares Core S&P 500 ETF stock opened at $689.11 on Monday. The company has a market cap of $723.22 billion, a PE ratio of 25.10 and a beta of 1.00. The firm has a fifty day moving average price of $676.16 and a two-hundred day moving average price of $646.25. iShares Core S&P 500 ETF has a fifty-two week low of $484.00 and a fifty-two week high of $693.07.

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.