Absolute Capital Management LLC Raises Stake in iShares Core S&P 500 ETF $IVV

Absolute Capital Management LLC boosted its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 53.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,965 shares of the company’s stock after purchasing an additional 2,438 shares during the period. iShares Core S&P 500 ETF comprises approximately 1.7% of Absolute Capital Management LLC’s investment portfolio, making the stock its 13th largest position. Absolute Capital Management LLC’s holdings in iShares Core S&P 500 ETF were worth $4,771,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Heck Capital Advisors LLC purchased a new stake in shares of iShares Core S&P 500 ETF during the fourth quarter valued at approximately $331,591,000. Bison Wealth LLC boosted its stake in shares of iShares Core S&P 500 ETF by 24.0% during the fourth quarter. Bison Wealth LLC now owns 7,799 shares of the company’s stock valued at $4,591,000 after purchasing an additional 1,511 shares during the period. Schnieders Capital Management LLC. boosted its stake in shares of iShares Core S&P 500 ETF by 0.8% during the second quarter. Schnieders Capital Management LLC. now owns 5,656 shares of the company’s stock valued at $3,512,000 after purchasing an additional 45 shares during the period. First Trust Advisors LP boosted its stake in shares of iShares Core S&P 500 ETF by 43.1% during the second quarter. First Trust Advisors LP now owns 6,989 shares of the company’s stock valued at $4,340,000 after purchasing an additional 2,105 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of iShares Core S&P 500 ETF by 1.2% during the second quarter. Sei Investments Co. now owns 8,455 shares of the company’s stock valued at $5,250,000 after purchasing an additional 97 shares during the period. Hedge funds and other institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Performance

NYSEARCA:IVV opened at $741.05 on Friday. The firm has a market cap of $818.30 billion, a PE ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a fifty-two week low of $594.71 and a fifty-two week high of $764.00. The business has a 50 day moving average price of $723.67 and a 200-day moving average price of $697.90.

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.