Apollon Wealth Management LLC Increases Stake in iShares Core S&P 500 ETF $IVV

Apollon Wealth Management LLC grew its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 4.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 335,046 shares of the company’s stock after buying an additional 15,166 shares during the quarter. iShares Core S&P 500 ETF comprises approximately 3.6% of Apollon Wealth Management LLC’s portfolio, making the stock its 3rd largest holding. Apollon Wealth Management LLC’s holdings in iShares Core S&P 500 ETF were worth $218,855,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in IVV. Keenan LLC acquired a new stake in iShares Core S&P 500 ETF in the 4th quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new position in shares of iShares Core S&P 500 ETF in the fourth quarter worth about $29,000. GS Investments Inc. lifted its position in shares of iShares Core S&P 500 ETF by 83.3% during the fourth 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. acquired a new position in shares of iShares Core S&P 500 ETF during the fourth quarter worth approximately $38,000. Finally, Imprint Wealth LLC acquired a new position in shares of iShares Core S&P 500 ETF during the third quarter worth approximately $39,000. 70.12% of the stock is owned by institutional investors.

iShares Core S&P 500 ETF Price Performance

IVV opened at $748.89 on Wednesday. The stock has a market capitalization of $826.96 billion, a P/E ratio of 25.10 and a beta of 1.00. The company’s 50 day simple moving average is $740.15 and its 200-day simple moving average is $703.37. iShares Core S&P 500 ETF has a one year low of $618.48 and a one year high of $764.00.

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.