iShares Core S&P 500 ETF $IVV Shares Bought by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. boosted its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 1.5% in the third quarter, HoldingsChannel.com reports. The fund owned 139,479 shares of the company’s stock after purchasing an additional 2,056 shares during the period. iShares Core S&P 500 ETF accounts for 1.2% of Pinnacle Associates Ltd.’s holdings, making the stock its 13th largest position. Pinnacle Associates Ltd.’s holdings in iShares Core S&P 500 ETF were worth $93,353,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in iShares Core S&P 500 ETF by 18.3% in the second quarter. JPMorgan Chase & Co. now owns 28,271,587 shares of the company’s stock valued at $17,553,830,000 after purchasing an additional 4,378,977 shares during the period. Nisa Investment Advisors LLC boosted its holdings in iShares Core S&P 500 ETF by 56.2% in the third quarter. Nisa Investment Advisors LLC now owns 11,955,236 shares of the company’s stock valued at $8,001,639,000 after purchasing an additional 4,301,015 shares in the last quarter. Laurel Wealth Advisors LLC grew its position in shares of iShares Core S&P 500 ETF by 63,164.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,748,222 shares of the company’s stock valued at $1,706,371,000 after buying an additional 2,743,878 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of iShares Core S&P 500 ETF by 203.5% during the third quarter. Allianz Asset Management GmbH now owns 2,428,267 shares of the company’s stock worth $1,625,239,000 after purchasing an additional 1,628,276 shares during the last quarter. Finally, Soundwatch Capital LLC grew its stake in iShares Core S&P 500 ETF by 474.9% during the 2nd quarter. Soundwatch Capital LLC now owns 1,507,952 shares of the company’s stock worth $936,287,000 after buying an additional 1,245,649 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 Trading Down 1.3%

Shares of IVV opened at $675.40 on Friday. The company’s 50 day simple moving average is $690.86 and its 200-day simple moving average is $678.25. The firm has a market cap of $742.40 billion, a PE ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 12-month low of $484.00 and a 12-month high of $700.97.

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. 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.