Gainline Financial Partners LLC Takes Position in iShares Core S&P 500 ETF $IVV

Gainline Financial Partners LLC purchased a new position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,119 shares of the ETF’s stock, valued at approximately $18,063,000. iShares Core S&P 500 ETF makes up approximately 16.9% of Gainline Financial Partners LLC’s holdings, making the stock its biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Heck Capital Advisors LLC acquired a new position in iShares Core S&P 500 ETF during the 4th quarter worth $331,591,000. Bison Wealth LLC raised its stake in shares of iShares Core S&P 500 ETF by 24.0% in the 4th quarter. Bison Wealth LLC now owns 7,799 shares of the ETF’s stock valued at $4,591,000 after purchasing an additional 1,511 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in shares of iShares Core S&P 500 ETF by 0.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 5,656 shares of the ETF’s stock valued at $3,512,000 after purchasing an additional 45 shares in the last quarter. First Trust Advisors LP lifted its position in shares of iShares Core S&P 500 ETF by 43.1% during the second quarter. First Trust Advisors LP now owns 6,989 shares of the ETF’s stock worth $4,340,000 after purchasing an additional 2,105 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of iShares Core S&P 500 ETF by 1.2% during the second quarter. Sei Investments Co. now owns 8,455 shares of the ETF’s stock worth $5,250,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Performance

NYSEARCA:IVV opened at $773.92 on Friday. The company has a market capitalization of $898.95 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a one year low of $632.14 and a one year high of $783.09. The stock has a 50-day simple moving average of $760.69 and a 200 day simple moving average of $726.99.

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.