Allen Investment Management LLC Makes New Investment in iShares Core S&P 500 ETF $IVV

Allen Investment Management LLC acquired a new stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,032 shares of the company’s stock, valued at approximately $4,132,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in IVV. Vantus Wealth LLC purchased a new position in shares of iShares Core S&P 500 ETF in the fourth quarter worth approximately $6,526,000. Root Financial Partners LLC lifted its position in shares of iShares Core S&P 500 ETF by 21.9% in the 4th quarter. Root Financial Partners LLC now owns 2,616 shares of the company’s stock valued at $1,792,000 after acquiring an additional 470 shares in the last quarter. Old Peak Finance LLC acquired a new position in iShares Core S&P 500 ETF in the 4th quarter worth approximately $628,000. ESL Trust Services LLC boosted its stake in iShares Core S&P 500 ETF by 71.8% in the 4th quarter. ESL Trust Services LLC now owns 201,392 shares of the company’s stock worth $137,941,000 after purchasing an additional 84,201 shares during the period. Finally, One Capital Management LLC grew its position in iShares Core S&P 500 ETF by 45.5% during the 4th quarter. One Capital Management LLC now owns 60,762 shares of the company’s stock worth $41,619,000 after purchasing an additional 18,999 shares in the last quarter. 70.12% of the stock is currently owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Stock Up 0.3%

Shares of NYSEARCA:IVV opened at $762.02 on Tuesday. The company’s fifty day moving average is $708.13 and its two-hundred day moving average is $693.53. iShares Core S&P 500 ETF has a 12-month low of $587.88 and a 12-month high of $763.93. The company has a market cap of $841.46 billion, a P/E ratio of 25.10 and a beta of 1.00.

iShares Core S&P 500 ETF 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.