Arax Advisory Partners Invests $32.15 Million in iShares Core S&P 500 ETF $IVV

Arax Advisory Partners bought a new position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 46,943 shares of the company’s stock, valued at approximately $32,154,000. iShares Core S&P 500 ETF makes up about 0.9% of Arax Advisory Partners’ portfolio, making the stock its 20th largest position.

A number of other institutional investors have also added to or reduced their stakes in IVV. Decker Retirement Planning Inc. bought a new stake in iShares Core S&P 500 ETF in the 4th quarter worth about $29,000. GS Investments Inc. grew its position in iShares Core S&P 500 ETF by 83.3% in the 4th quarter. GS Investments Inc. now owns 44 shares of the company’s stock worth $30,000 after purchasing an additional 20 shares in the last quarter. Palouse Capital Management Inc. bought a new stake in iShares Core S&P 500 ETF in the 4th quarter worth about $38,000. Imprint Wealth LLC bought a new stake in iShares Core S&P 500 ETF in the 3rd quarter worth about $39,000. Finally, Dorato Capital Management bought a new stake in iShares Core S&P 500 ETF in the 4th quarter worth about $55,000. 70.12% of the stock is owned by institutional investors.

iShares Core S&P 500 ETF Stock Performance

Shares of IVV stock opened at $745.14 on Friday. iShares Core S&P 500 ETF has a 52-week low of $594.71 and a 52-week high of $764.00. The company has a 50-day simple moving average of $725.41 and a two-hundred day simple moving average of $698.23. The company has a market capitalization of $822.82 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.