Cornerstone Wealth LLC TN Invests $1.36 Million in iShares Core S&P 500 ETF $IVV

Cornerstone Wealth LLC TN bought a new stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,904 shares of the ETF’s stock, valued at approximately $1,361,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Keenan LLC acquired a new position in iShares Core S&P 500 ETF in the fourth quarter valued at approximately $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of iShares Core S&P 500 ETF during the 4th quarter worth approximately $29,000. Punch & Associates Investment Management Inc. grew its position in shares of iShares Core S&P 500 ETF by 50.0% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock worth $27,000 after buying an additional 14 shares during the period. GS Investments Inc. increased its stake in shares of iShares Core S&P 500 ETF by 83.3% in the 4th quarter. GS Investments Inc. now owns 44 shares of the ETF’s stock valued at $30,000 after acquiring an additional 20 shares in the last quarter. Finally, Palouse Capital Management Inc. acquired a new position in shares of iShares Core S&P 500 ETF during the 4th quarter valued at $38,000. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Down 1.5%

Shares of NYSEARCA IVV opened at $733.12 on Thursday. The firm has a market cap of $856.06 billion, a PE ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 12-month low of $622.31 and a 12-month high of $764.00. The company’s fifty day simple moving average is $748.39 and its 200 day simple moving average is $712.47.

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.