iShares Core S&P 500 ETF $IVV Position Boosted by Beam Wealth Advisors Inc.

Beam Wealth Advisors Inc. lifted its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 6.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,407 shares of the company’s stock after acquiring an additional 6,655 shares during the quarter. iShares Core S&P 500 ETF makes up 18.3% of Beam Wealth Advisors Inc.’s portfolio, making the stock its biggest position. Beam Wealth Advisors Inc.’s holdings in iShares Core S&P 500 ETF were worth $73,426,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Keenan LLC purchased a new position in iShares Core S&P 500 ETF during the 4th quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of iShares Core S&P 500 ETF in the 4th quarter worth about $29,000. GS Investments Inc. boosted its stake in shares of iShares Core S&P 500 ETF by 83.3% during the 4th quarter. GS Investments Inc. now owns 44 shares of the company’s stock valued at $30,000 after purchasing an additional 20 shares in the last quarter. Palouse Capital Management Inc. bought a new stake in shares of iShares Core S&P 500 ETF during the 4th quarter valued at about $38,000. Finally, Imprint Wealth LLC purchased a new position in shares of iShares Core S&P 500 ETF during the third quarter valued at about $39,000. Hedge funds and other institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Price Performance

Shares of NYSEARCA IVV opened at $755.05 on Friday. iShares Core S&P 500 ETF has a 1 year low of $621.05 and a 1 year high of $764.00. The stock has a market capitalization of $892.54 billion, a P/E ratio of 25.10 and a beta of 1.00. The company’s 50-day moving average is $745.34 and its 200 day moving average is $706.76.

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.