Highland Investment Advisors LLC Buys Shares of 7,898 iShares Core S&P 500 ETF $IVV
by Michael Walen · The Markets DailyHighland Investment Advisors LLC bought a new position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,898 shares of the ETF’s stock, valued at approximately $5,914,000. iShares Core S&P 500 ETF accounts for about 2.6% of Highland Investment Advisors LLC’s holdings, making the stock its 12th biggest holding.
Other institutional investors and hedge funds have also made changes to their positions in the company. Timbuktu Capital Management LLC acquired a new position in shares of iShares Core S&P 500 ETF in the 2nd quarter worth approximately $190,000. TOP Private Wealth LLC. acquired a new stake in iShares Core S&P 500 ETF in the 2nd quarter valued at approximately $1,651,000. Strive Financial Group LLC increased its holdings in iShares Core S&P 500 ETF by 30.5% in the 2nd quarter. Strive Financial Group LLC now owns 2,676 shares of the ETF’s stock valued at $2,004,000 after purchasing an additional 626 shares during the last quarter. Cassilly Financial Group LLC increased its holdings in iShares Core S&P 500 ETF by 8.3% in the 2nd quarter. Cassilly Financial Group LLC now owns 7,322 shares of the ETF’s stock valued at $5,483,000 after purchasing an additional 559 shares during the last quarter. Finally, Hopwood Nicholas Hunter purchased a new stake in iShares Core S&P 500 ETF in the second quarter valued at approximately $212,000. 70.12% of the stock is owned by hedge funds and other institutional investors.
iShares Core S&P 500 ETF Stock Down 0.4%
NYSEARCA:IVV opened at $773.92 on Friday. The stock’s fifty day moving average is $760.69 and its two-hundred day moving average is $726.99. iShares Core S&P 500 ETF has a 52 week low of $632.14 and a 52 week high of $783.09. The stock has a market capitalization of $898.95 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00.
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. 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.
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