Arax Advisory Partners Makes New Investment in iShares Core S&P 500 ETF $IVV

Arax Advisory Partners bought a new stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) in the fourth quarter, Holdings Channel reports. The fund bought 46,943 shares of the company’s stock, valued at approximately $32,154,000. iShares Core S&P 500 ETF comprises 0.9% of Arax Advisory Partners’ portfolio, making the stock its 20th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Arkos Global Advisors grew its position in shares of iShares Core S&P 500 ETF by 4.3% during the 4th quarter. Arkos Global Advisors now owns 917 shares of the company’s stock valued at $628,000 after acquiring an additional 38 shares during the period. Avid Wealth Partners LLC grew its position in shares of iShares Core S&P 500 ETF by 47.3% during the 4th quarter. Avid Wealth Partners LLC now owns 13,529 shares of the company’s stock valued at $9,267,000 after acquiring an additional 4,342 shares during the period. B&D White Capital Company LLC grew its position in shares of iShares Core S&P 500 ETF by 1.0% during the 4th quarter. B&D White Capital Company LLC now owns 32,955 shares of the company’s stock valued at $22,572,000 after acquiring an additional 324 shares during the period. Brown Advisory Inc. grew its position in shares of iShares Core S&P 500 ETF by 12.2% during the 4th quarter. Brown Advisory Inc. now owns 1,420,800 shares of the company’s stock valued at $973,163,000 after acquiring an additional 155,045 shares during the period. Finally, 1 North Wealth Services LLC grew its position in shares of iShares Core S&P 500 ETF by 46.2% during the 4th quarter. 1 North Wealth Services LLC now owns 9,446 shares of the company’s stock valued at $6,470,000 after acquiring an additional 2,984 shares during the period. 70.12% of the stock is owned by institutional investors.

iShares Core S&P 500 ETF Stock Up 0.6%

iShares Core S&P 500 ETF stock opened at $745.14 on Friday. iShares Core S&P 500 ETF has a twelve month low of $594.71 and a twelve month high of $764.00. The firm has a 50 day moving average price of $725.41 and a 200-day moving average price of $698.23. The company has a market capitalization of $822.82 billion, a P/E ratio of 25.10 and a beta of 1.00.

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.