Traders Buy Shares of iShares S&P 500 Index (IVV) on Weakness

Share on StockTwits

Investors purchased shares of iShares S&P 500 Index (NYSEARCA:IVV) on weakness during trading on Tuesday. $100.34 million flowed into the stock on the tick-up and $87.85 million flowed out of the stock on the tick-down, for a money net flow of $12.49 million into the stock. Of all stocks tracked, iShares S&P 500 Index had the 30th highest net in-flow for the day. iShares S&P 500 Index traded down ($1.09) for the day and closed at $272.73

The company also recently announced a quarterly dividend, which was paid on Monday, July 2nd. Shareholders of record on Wednesday, June 27th were paid a $1.2812 dividend. This represents a $5.12 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Tuesday, June 26th. This is an increase from iShares S&P 500 Index’s previous quarterly dividend of $1.27.

Large investors have recently modified their holdings of the business. Taylor Hoffman Wealth Management increased its stake in iShares S&P 500 Index by 425.0% in the first quarter. Taylor Hoffman Wealth Management now owns 378 shares of the company’s stock valued at $100,000 after purchasing an additional 306 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new stake in iShares S&P 500 Index in the fourth quarter valued at approximately $170,000. HC Financial Advisors Inc. bought a new stake in iShares S&P 500 Index in the fourth quarter valued at approximately $202,000. Fairview Capital Investment Management LLC bought a new stake in iShares S&P 500 Index in the fourth quarter valued at approximately $212,000. Finally, HMS Capital Management LLC bought a new stake in iShares S&P 500 Index in the first quarter valued at approximately $210,000.

iShares S&P 500 Index 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.

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