Gateway Wealth Partners LLC Raises Holdings in iShares Core S&P 500 ETF $IVV

Gateway Wealth Partners LLC raised its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 422.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,077 shares of the ETF’s stock after purchasing an additional 80,127 shares during the period. iShares Core S&P 500 ETF accounts for about 2.5% of Gateway Wealth Partners LLC’s portfolio, making the stock its biggest position. Gateway Wealth Partners LLC’s holdings in iShares Core S&P 500 ETF were worth $64,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of IVV. Turim 21 Investimentos Ltda. grew its stake in shares of iShares Core S&P 500 ETF by 36.2% during the first quarter. Turim 21 Investimentos Ltda. now owns 436 shares of the ETF’s stock valued at $285,000 after buying an additional 116 shares during the last quarter. Wealth Watch Advisors INC grew its position in iShares Core S&P 500 ETF by 9.6% in the 1st quarter. Wealth Watch Advisors INC now owns 934 shares of the ETF’s stock valued at $610,000 after acquiring an additional 82 shares during the last quarter. Blue Chip Partners LLC lifted its position in shares of iShares Core S&P 500 ETF by 5.1% during the first quarter. Blue Chip Partners LLC now owns 393 shares of the ETF’s stock worth $256,000 after purchasing an additional 19 shares during the last quarter. Everest Financial Group LLC bought a new stake in shares of iShares Core S&P 500 ETF during the first quarter worth $2,609,000. Finally, Mustico Financial Group Inc. boosted its stake in shares of iShares Core S&P 500 ETF by 9.6% during the first quarter. Mustico Financial Group Inc. now owns 24,241 shares of the ETF’s stock valued at $17,341,000 after purchasing an additional 2,114 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 $742.36 on Monday. The stock has a market cap of $869.45 billion, a PE ratio of 25.10 and a beta of 1.00. The company’s 50-day moving average price is $748.47 and its 200-day moving average price is $711.49. iShares Core S&P 500 ETF has a 12 month low of $622.31 and a 12 month high of $764.00.

iShares Core S&P 500 ETF News Roundup

Here are the key news stories impacting iShares Core S&P 500 ETF this week:

• Negative Sentiment: The S&P 500 ended a choppy week in the red, falling 0.6% and logging a second straight weekly decline, which can weigh on IVV because it mirrors the index. S&P 500 Snapshot: Index Ends Choppy Week in the Red
• Negative Sentiment: Rising Treasury yields and a spike in oil prices have pressured stocks, with traders watching for more volatility and possible further downside in the S&P 500. S&P 500 Slides as Rising Treasury Yields Pressure Stocks
• Negative Sentiment: Options traders are eyeing key “risk pivot” levels as the S&P 500 sells off, suggesting markets remain fragile and could stay choppy near term. As the S&P 500 sells off, traders eye key ‘risk pivot’ level
• Neutral Sentiment: Friday’s U.S. trading session was mixed, with the Dow supported by Apple while semiconductor weakness held back the broader market, leaving the S&P 500 near flat on the day. Dow gains as Apple offsets chip weakness, S&P 500 closes near flat
• Neutral Sentiment: Commentary on BlackRock’s iShares franchise and broad S&P 500 exposure highlights the ETF’s size and popularity, but does not indicate a direct catalyst for IVV’s price. Inside the Success of BlackRock’s iShares ETFs

About iShares Core S&P 500 ETF

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.