Sowell Financial Services LLC Raises Position in iShares Core S&P 500 ETF $IVV

Sowell Financial Services LLC boosted its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,667 shares of the company’s stock after purchasing an additional 8,503 shares during the quarter. iShares Core S&P 500 ETF comprises about 2.3% of Sowell Financial Services LLC’s investment portfolio, making the stock its 5th largest position. Sowell Financial Services LLC’s holdings in iShares Core S&P 500 ETF were worth $63,471,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Imprint Wealth LLC purchased a new stake in iShares Core S&P 500 ETF during the third quarter valued at $39,000. Dorato Capital Management purchased a new stake in iShares Core S&P 500 ETF during the fourth quarter valued at $55,000. Maryland Capital Advisors Inc. raised its stake in iShares Core S&P 500 ETF by 681.8% during the fourth quarter. Maryland Capital Advisors Inc. now owns 86 shares of the company’s stock valued at $59,000 after purchasing an additional 75 shares in the last quarter. Winnow Wealth LLC purchased a new stake in iShares Core S&P 500 ETF during the third quarter valued at $61,000. Finally, Texas Capital Bancshares Inc TX purchased a new stake in iShares Core S&P 500 ETF during the third quarter valued at $68,000. Hedge funds and other institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Up 0.4%

iShares Core S&P 500 ETF stock opened at $661.86 on Tuesday. The company has a market cap of $729.93 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The firm’s fifty day moving average is $677.90 and its 200 day moving average is $679.73. iShares Core S&P 500 ETF has a 52-week low of $484.00 and a 52-week high of $700.97.

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. 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.