Cranbrook Wealth Management LLC Has $44.27 Million Stake in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Cranbrook Wealth Management LLC raised its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 4.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,905 shares of the company’s stock after acquiring an additional 3,303 shares during the quarter. iShares Core S&P 500 ETF makes up approximately 10.9% of Cranbrook Wealth Management LLC’s holdings, making the stock its biggest position. Cranbrook Wealth Management LLC’s holdings in iShares Core S&P 500 ETF were worth $44,274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Burkett Financial Services LLC bought a new stake in iShares Core S&P 500 ETF during the fourth quarter worth $31,000. 1620 Investment Advisors Inc. bought a new stake in iShares Core S&P 500 ETF in the second quarter valued at approximately $36,000. Thompson Investment Management Inc. acquired a new stake in shares of iShares Core S&P 500 ETF in the first quarter valued at approximately $37,000. Covestor Ltd boosted its stake in shares of iShares Core S&P 500 ETF by 321.1% during the 1st quarter. Covestor Ltd now owns 80 shares of the company’s stock worth $42,000 after acquiring an additional 61 shares during the period. Finally, Ables Iannone Moore & Associates Inc. acquired a new position in shares of iShares Core S&P 500 ETF during the 4th quarter worth approximately $44,000.

iShares Core S&P 500 ETF Price Performance

Shares of IVV opened at $566.06 on Tuesday. The company’s 50-day moving average is $553.03 and its 200-day moving average is $535.79. The firm has a market capitalization of $488.45 billion, a PE ratio of 25.23 and a beta of 0.99. iShares Core S&P 500 ETF has a fifty-two week low of $411.02 and a fifty-two week high of $568.24.

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.