Pinnacle Associates Ltd. Has $70.11 Million Stock Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Pinnacle Associates Ltd. grew its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 1.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 128,120 shares of the company’s stock after buying an additional 1,800 shares during the period. iShares Core S&P 500 ETF makes up 1.1% of Pinnacle Associates Ltd.’s portfolio, making the stock its 14th largest position. Pinnacle Associates Ltd.’s holdings in iShares Core S&P 500 ETF were worth $70,111,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in iShares Core S&P 500 ETF by 60.7% in the 1st quarter. JPMorgan Chase & Co. now owns 20,161,417 shares of the company’s stock worth $10,599,462,000 after purchasing an additional 7,615,287 shares during the period. Alberta Investment Management Corp acquired a new position in shares of iShares Core S&P 500 ETF during the 4th quarter worth about $1,128,876,000. Pathstone Holdings LLC acquired a new position in shares of iShares Core S&P 500 ETF during the 4th quarter worth about $1,083,439,000. Cetera Investment Advisers boosted its stake in shares of iShares Core S&P 500 ETF by 109.4% during the 1st quarter. Cetera Investment Advisers now owns 2,265,933 shares of the company’s stock worth $1,191,269,000 after buying an additional 1,183,770 shares during the last quarter. Finally, Bank of Nova Scotia boosted its stake in shares of iShares Core S&P 500 ETF by 4,197.5% during the 4th quarter. Bank of Nova Scotia now owns 1,193,203 shares of the company’s stock worth $569,890,000 after buying an additional 1,165,438 shares during the last quarter.

iShares Core S&P 500 ETF Trading Up 0.9 %

Shares of iShares Core S&P 500 ETF stock traded up $5.30 during trading hours on Friday, reaching $566.75. 3,016,147 shares of the company’s stock were exchanged, compared to its average volume of 5,002,234. The company has a 50 day moving average of $551.83 and a two-hundred day moving average of $531.39. iShares Core S&P 500 ETF has a fifty-two week low of $411.02 and a fifty-two week high of $568.24. The stock has a market cap of $489.05 billion, a P/E ratio of 25.23 and a beta of 0.99.

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.