Independent Financial Group LLC Makes New Investment in iShares Core S&P 500 ETF $IVV

Independent Financial Group LLC acquired a new position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 72,793 shares of the ETF’s stock, valued at approximately $47,549,000. iShares Core S&P 500 ETF makes up about 1.4% of Independent Financial Group LLC’s investment portfolio, making the stock its 6th biggest position.

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

iShares Core S&P 500 ETF Stock Down 0.5%

IVV opened at $754.42 on Friday. The firm’s 50 day moving average is $748.19 and its 200-day moving average is $709.01. iShares Core S&P 500 ETF has a 52-week low of $622.31 and a 52-week high of $764.00. The firm has a market capitalization of $889.61 billion, a P/E ratio of 25.10 and a beta of 1.00.

iShares Core S&P 500 ETF Company 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.