Cornerstone Financial Management LLC Purchases Shares of 1,088 iShares Core S&P 500 ETF $IVV

Cornerstone Financial Management LLC purchased a new stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,088 shares of the company’s stock, valued at approximately $745,000.

Other institutional investors also recently modified their holdings of the company. Decker Retirement Planning Inc. purchased a new position in iShares Core S&P 500 ETF during the 4th quarter worth approximately $29,000. GS Investments Inc. grew its position in iShares Core S&P 500 ETF by 83.3% during the 4th quarter. GS Investments Inc. now owns 44 shares of the company’s stock worth $30,000 after purchasing an additional 20 shares in the last quarter. Palouse Capital Management Inc. purchased a new position in iShares Core S&P 500 ETF during the 4th quarter worth approximately $38,000. Imprint Wealth LLC purchased a new position in iShares Core S&P 500 ETF during the 3rd quarter worth approximately $39,000. Finally, Dorato Capital Management purchased a new position in iShares Core S&P 500 ETF during the 4th quarter worth approximately $55,000. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Performance

NYSEARCA IVV opened at $745.14 on Friday. iShares Core S&P 500 ETF has a twelve month low of $594.71 and a twelve month high of $764.00. The stock has a market cap of $822.82 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The firm’s 50 day moving average price is $725.41 and its two-hundred day moving average price is $698.23.

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.