Piedmont Capital Management LLC NC Makes New $5.01 Million Investment in iShares Core S&P 500 ETF $IVV

Piedmont Capital Management LLC NC bought a new position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,321 shares of the company’s stock, valued at approximately $5,014,000. iShares Core S&P 500 ETF accounts for about 3.3% of Piedmont Capital Management LLC NC’s holdings, making the stock its 8th biggest holding.

Several other hedge funds also recently bought and sold shares of the stock. Portfolio Resources Advisor Group Inc. purchased a new position in iShares Core S&P 500 ETF during the fourth quarter worth about $5,812,000. Resources Management Corp CT ADV boosted its stake in iShares Core S&P 500 ETF by 2.9% during the fourth quarter. Resources Management Corp CT ADV now owns 3,690 shares of the company’s stock worth $2,527,000 after buying an additional 103 shares during the period. South Plains Financial Inc. boosted its stake in iShares Core S&P 500 ETF by 3.6% during the fourth quarter. South Plains Financial Inc. now owns 6,816 shares of the company’s stock worth $4,669,000 after buying an additional 237 shares during the period. STAR Financial Bank boosted its stake in iShares Core S&P 500 ETF by 20.7% during the fourth quarter. STAR Financial Bank now owns 3,726 shares of the company’s stock worth $2,552,000 after buying an additional 640 shares during the period. Finally, MML Investors Services LLC boosted its stake in iShares Core S&P 500 ETF by 3.8% during the fourth quarter. MML Investors Services LLC now owns 1,847,391 shares of the company’s stock worth $1,265,352,000 after buying an additional 67,918 shares during the period. Hedge funds and other institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Price Performance

Shares of IVV stock opened at $745.14 on Monday. The firm has a market cap of $822.82 billion, a PE ratio of 25.10 and a beta of 1.00. The company has a 50-day moving average of $725.41 and a two-hundred day moving average of $698.42. iShares Core S&P 500 ETF has a 1-year low of $594.71 and a 1-year high of $764.00.

About iShares Core S&P 500 ETF

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.