HighTower Advisors LLC Acquires 38,889 Shares of iShares Core S&P 500 ETF (NYSEARCA:IVV)

HighTower Advisors LLC lifted its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVVFree Report) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,281,537 shares of the company’s stock after purchasing an additional 38,889 shares during the quarter. iShares Core S&P 500 ETF accounts for approximately 1.9% of HighTower Advisors LLC’s investment portfolio, making the stock its 4th biggest holding. HighTower Advisors LLC owned 0.26% of iShares Core S&P 500 ETF worth $1,315,964,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in IVV. 1620 Investment Advisors Inc. bought a new stake in shares of iShares Core S&P 500 ETF in the 2nd quarter valued at about $36,000. Cedar Wealth Management LLC raised its stake in iShares Core S&P 500 ETF by 139.3% in the third quarter. Cedar Wealth Management LLC now owns 67 shares of the company’s stock valued at $39,000 after buying an additional 39 shares during the period. Kennebec Savings Bank bought a new stake in iShares Core S&P 500 ETF in the third quarter valued at approximately $40,000. Brooklyn Investment Group acquired a new stake in shares of iShares Core S&P 500 ETF in the third quarter valued at approximately $42,000. Finally, Peterson Financial Group Inc. bought a new position in shares of iShares Core S&P 500 ETF during the 3rd quarter worth approximately $46,000.

iShares Core S&P 500 ETF Trading Up 0.3 %

IVV opened at $606.71 on Tuesday. iShares Core S&P 500 ETF has a 1-year low of $456.45 and a 1-year high of $607.30. The stock’s fifty day simple moving average is $585.69 and its 200 day simple moving average is $561.77. The stock has a market cap of $523.53 billion, a PE ratio of 25.23 and a beta of 0.99.

iShares Core S&P 500 ETF Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for iShares Core S&P 500 ETF (NYSEARCA:IVV)

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