Summit Financial LLC Acquires 1,011 Shares of iShares Core S&P 500 ETF (NYSEARCA:IVV)

Summit Financial LLC increased its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,542 shares of the company’s stock after acquiring an additional 1,011 shares during the period. iShares Core S&P 500 ETF makes up 1.1% of Summit Financial LLC’s investment portfolio, making the stock its 15th largest holding. Summit Financial LLC’s holdings in iShares Core S&P 500 ETF were worth $23,280,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in iShares Core S&P 500 ETF by 3.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 33,734,819 shares of the company’s stock worth $16,112,762,000 after buying an additional 1,118,746 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of iShares Core S&P 500 ETF by 60.7% during the first quarter. JPMorgan Chase & Co. now owns 20,161,417 shares of the company’s stock valued at $10,599,462,000 after purchasing an additional 7,615,287 shares during the last quarter. Creative Planning raised its holdings in shares of iShares Core S&P 500 ETF by 0.7% during the fourth quarter. Creative Planning now owns 20,109,262 shares of the company’s stock valued at $93,763,000 after purchasing an additional 146,157 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of iShares Core S&P 500 ETF by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 13,683,639 shares of the company’s stock valued at $7,488,098,000 after purchasing an additional 237,585 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of iShares Core S&P 500 ETF by 3.2% during the fourth quarter. Royal Bank of Canada now owns 7,446,115 shares of the company’s stock valued at $3,556,487,000 after purchasing an additional 228,840 shares during the last quarter.

iShares Core S&P 500 ETF Trading Up 0.9 %

IVV stock traded up $5.30 during midday trading on Friday, reaching $566.75. 3,016,147 shares of the company’s stock traded hands, compared to its average volume of 5,002,234. iShares Core S&P 500 ETF has a 52-week low of $411.02 and a 52-week high of $568.24. The stock has a market cap of $489.05 billion, a P/E ratio of 25.23 and a beta of 0.99. The stock’s 50-day moving average is $551.83 and its 200 day moving average is $531.63.

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.