Drake & Associates LLC Increases Stock Holdings in iShares Core S&P 500 ETF $IVV

Drake & Associates LLC lifted its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 115.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,521 shares of the company’s stock after acquiring an additional 1,351 shares during the quarter. Drake & Associates LLC’s holdings in iShares Core S&P 500 ETF were worth $1,727,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Keenan LLC acquired a new stake in iShares Core S&P 500 ETF during the 4th quarter worth $26,000. Decker Retirement Planning Inc. acquired a new position in iShares Core S&P 500 ETF in the fourth quarter valued at $29,000. GS Investments Inc. boosted its stake in iShares Core S&P 500 ETF by 83.3% in the fourth quarter. GS Investments Inc. now owns 44 shares of the company’s stock valued at $30,000 after acquiring an additional 20 shares in the last quarter. Palouse Capital Management Inc. purchased a new position in shares of iShares Core S&P 500 ETF during the fourth quarter worth about $38,000. Finally, Imprint Wealth LLC acquired a new stake in shares of iShares Core S&P 500 ETF during the third quarter worth about $39,000. Institutional investors and hedge funds own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Performance

iShares Core S&P 500 ETF stock opened at $750.11 on Friday. 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 stock has a 50-day simple moving average of $734.01 and a 200-day simple moving average of $700.66. The company has a market capitalization of $828.31 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.