Beam Wealth Advisors Inc. Increases Stock Holdings in iShares Core S&P 500 ETF $IVV

Beam Wealth Advisors Inc. lifted its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 6.3% during the first quarter, Holdings Channel reports. The institutional investor owned 112,407 shares of the company’s stock after acquiring an additional 6,655 shares during the quarter. iShares Core S&P 500 ETF makes up approximately 18.3% of Beam Wealth Advisors Inc.’s investment portfolio, making the stock its biggest position. Beam Wealth Advisors Inc.’s holdings in iShares Core S&P 500 ETF were worth $73,426,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of IVV. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares Core S&P 500 ETF by 1.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 33,837,717 shares of the company’s stock valued at $23,176,806,000 after purchasing an additional 409,816 shares in the last quarter. Marshall Wace LLP boosted its position in shares of iShares Core S&P 500 ETF by 17.9% in the 4th quarter. Marshall Wace LLP now owns 32,452,900 shares of the company’s stock worth $22,228,289,000 after purchasing an additional 4,928,585 shares in the last quarter. Creative Planning boosted its position in shares of iShares Core S&P 500 ETF by 2.3% in the 3rd quarter. Creative Planning now owns 22,735,267 shares of the company’s stock worth $15,216,714,000 after purchasing an additional 505,293 shares in the last quarter. Bank of America Corp DE grew its stake in shares of iShares Core S&P 500 ETF by 27.7% in the 4th quarter. Bank of America Corp DE now owns 21,696,475 shares of the company’s stock worth $14,860,784,000 after buying an additional 4,709,612 shares during the last quarter. Finally, Corient Private Wealth LLC grew its stake in shares of iShares Core S&P 500 ETF by 400.8% in the 4th quarter. Corient Private Wealth LLC now owns 17,425,305 shares of the company’s stock worth $11,935,288,000 after buying an additional 13,946,081 shares during the last quarter. 70.12% of the stock is currently owned by institutional investors.

iShares Core S&P 500 ETF Stock Up 0.8%

IVV stock opened at $755.05 on Friday. iShares Core S&P 500 ETF has a twelve month low of $621.05 and a twelve month high of $764.00. The firm has a market cap of $892.54 billion, a PE ratio of 25.10 and a beta of 1.00. The business has a 50 day moving average of $745.34 and a 200 day moving average of $706.76.

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.