Pinnacle Associates Ltd. Raises Stake in iShares Core S&P 500 ETF $IVV

Pinnacle Associates Ltd. boosted its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,600 shares of the company’s stock after acquiring an additional 1,121 shares during the period. iShares Core S&P 500 ETF accounts for about 1.2% of Pinnacle Associates Ltd.’s investment portfolio, making the stock its 16th largest holding. Pinnacle Associates Ltd.’s holdings in iShares Core S&P 500 ETF were worth $96,303,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Balanced Wealth Group LLC increased its stake in iShares Core S&P 500 ETF by 0.8% during the 3rd quarter. Balanced Wealth Group LLC now owns 1,927 shares of the company’s stock valued at $1,196,000 after purchasing an additional 15 shares in the last quarter. Nicollet Investment Management Inc. raised its holdings in iShares Core S&P 500 ETF by 1.0% in the third quarter. Nicollet Investment Management Inc. now owns 1,480 shares of the company’s stock worth $991,000 after buying an additional 15 shares during the last quarter. Anchor Investment Management LLC raised its holdings in iShares Core S&P 500 ETF by 3.1% in the third quarter. Anchor Investment Management LLC now owns 503 shares of the company’s stock worth $337,000 after buying an additional 15 shares during the last quarter. Wealth Effects LLC raised its holdings in iShares Core S&P 500 ETF by 0.4% in the fourth quarter. Wealth Effects LLC now owns 4,276 shares of the company’s stock worth $2,929,000 after buying an additional 15 shares during the last quarter. Finally, West Wealth Group LLC raised its holdings in iShares Core S&P 500 ETF by 1.1% in the fourth quarter. West Wealth Group LLC now owns 1,440 shares of the company’s stock worth $987,000 after buying an additional 15 shares during the last quarter. 70.12% of the stock is owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Stock Performance

Shares of iShares Core S&P 500 ETF stock opened at $745.74 on Thursday. The stock has a market capitalization of $823.48 billion, a PE ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 52-week low of $578.31 and a 52-week high of $747.38. The company has a 50-day simple moving average of $688.60 and a two-hundred day simple moving average of $687.42.

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.