Evolution Wealth Management Inc. Takes Position in iShares Core S&P 500 ETF $IVV

Evolution Wealth Management Inc. purchased a new stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 3,010 shares of the company’s stock, valued at approximately $1,869,000. iShares Core S&P 500 ETF comprises approximately 2.3% of Evolution Wealth Management Inc.’s portfolio, making the stock its 5th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in IVV. Flaharty Asset Management LLC bought a new position in shares of iShares Core S&P 500 ETF in the 1st quarter worth about $28,000. Nvwm LLC raised its stake in iShares Core S&P 500 ETF by 210.5% during the second quarter. Nvwm LLC now owns 59 shares of the company’s stock worth $37,000 after acquiring an additional 40 shares during the period. Hager Investment Management Services LLC bought a new position in iShares Core S&P 500 ETF in the second quarter worth about $61,000. Rice Partnership LLC boosted its stake in iShares Core S&P 500 ETF by 460.0% in the second quarter. Rice Partnership LLC now owns 112 shares of the company’s stock valued at $70,000 after acquiring an additional 92 shares during the period. Finally, Wealth Preservation Advisors LLC acquired a new position in iShares Core S&P 500 ETF in the first quarter valued at approximately $76,000. Institutional investors and hedge funds own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Trading Down 1.1%

NYSEARCA:IVV opened at $685.17 on Monday. The stock has a 50 day moving average of $677.95 and a 200-day moving average of $649.83. The firm has a market capitalization of $719.09 billion, a PE ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 52 week low of $484.00 and a 52 week high of $693.07.

iShares Core S&P 500 ETF Company Profile

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.