Arrowroot Family Office LLC Makes New $726,000 Investment in iShares Core S&P 500 ETF $IVV

Arrowroot Family Office LLC bought a new position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 1,169 shares of the company’s stock, valued at approximately $726,000.

Other hedge funds have also modified their holdings of the company. Flaharty Asset Management LLC purchased a new stake in shares of iShares Core S&P 500 ETF during the 1st quarter worth about $28,000. Lord & Richards Wealth Management LLC purchased a new stake in shares of iShares Core S&P 500 ETF during the 1st quarter worth about $31,000. Cheviot Value Management LLC purchased a new stake in shares of iShares Core S&P 500 ETF during the 1st quarter worth about $52,000. Hager Investment Management Services LLC purchased a new stake in shares of iShares Core S&P 500 ETF during the 2nd quarter worth about $61,000. Finally, Rice Partnership LLC boosted its stake in shares of iShares Core S&P 500 ETF by 460.0% during the 2nd quarter. Rice Partnership LLC now owns 112 shares of the company’s stock worth $70,000 after acquiring an additional 92 shares in the last quarter. 70.12% of the stock is owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Stock Down 1.1%

IVV stock opened at $678.81 on Wednesday. The company’s 50-day simple moving average is $666.72 and its 200-day simple moving average is $628.33. iShares Core S&P 500 ETF has a 52-week low of $484.00 and a 52-week high of $693.07. The firm has a market cap of $712.11 billion, a P/E ratio of 25.10 and a beta of 1.00.

iShares Core S&P 500 ETF 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.