iShares Core S&P 500 ETF (NYSEARCA:IVV) is Drive Wealth Management LLC’s Largest Position

by · The Cerbat Gem

Drive Wealth Management LLC increased its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 58,755 shares of the company’s stock after purchasing an additional 433 shares during the quarter. iShares Core S&P 500 ETF makes up about 8.8% of Drive Wealth Management LLC’s holdings, making the stock its biggest position. Drive Wealth Management LLC’s holdings in iShares Core S&P 500 ETF were worth $33,891,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of iShares Core S&P 500 ETF by 21.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 36,046,952 shares of the company’s stock valued at $19,725,973,000 after purchasing an additional 6,319,531 shares during the last quarter. Marshall Wace LLP increased its holdings in iShares Core S&P 500 ETF by 34.5% during the second quarter. Marshall Wace LLP now owns 22,513,000 shares of the company’s stock worth $12,319,789,000 after buying an additional 5,774,400 shares during the last quarter. Creative Planning boosted its stake in iShares Core S&P 500 ETF by 1.2% in the third quarter. Creative Planning now owns 21,368,471 shares of the company’s stock valued at $12,325,761,000 after acquiring an additional 257,499 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of iShares Core S&P 500 ETF by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 13,683,639 shares of the company’s stock valued at $7,488,098,000 after acquiring an additional 237,585 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of iShares Core S&P 500 ETF by 67,668.9% during the 3rd quarter. International Assets Investment Management LLC now owns 10,247,335 shares of the company’s stock worth $5,910,868,000 after purchasing an additional 10,232,214 shares during the last quarter.

iShares Core S&P 500 ETF Trading Down 1.3 %

NYSEARCA:IVV opened at $588.66 on Monday. iShares Core S&P 500 ETF has a 12 month low of $450.19 and a 12 month high of $603.09. The firm’s 50 day moving average is $578.55 and its 200 day moving average is $556.28. The stock has a market capitalization of $507.95 billion, a PE ratio of 25.23 and a beta of 0.99.

iShares Core S&P 500 ETF 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.

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