Absolute Capital Management LLC Increases Stake in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Absolute Capital Management LLC increased its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 9.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,495 shares of the company’s stock after purchasing an additional 934 shares during the quarter. iShares Core S&P 500 ETF accounts for about 4.5% of Absolute Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Absolute Capital Management LLC’s holdings in iShares Core S&P 500 ETF were worth $5,013,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Eukles Asset Management lifted its stake in iShares Core S&P 500 ETF by 126.9% during the fourth quarter. Eukles Asset Management now owns 59 shares of the company’s stock worth $28,000 after purchasing an additional 33 shares during the last quarter. Horizon Bancorp Inc. IN bought a new stake in iShares Core S&P 500 ETF in the third quarter valued at $40,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in iShares Core S&P 500 ETF in the third quarter valued at $41,000. Evolution Advisers Inc. bought a new stake in iShares Core S&P 500 ETF in the fourth quarter valued at $48,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in iShares Core S&P 500 ETF in the third quarter valued at $62,000.

iShares Core S&P 500 ETF Stock Performance

IVV stock opened at $510.77 on Friday. The stock has a market capitalization of $437.53 billion, a price-to-earnings ratio of 25.43 and a beta of 0.99. iShares Core S&P 500 ETF has a 1 year low of $405.54 and a 1 year high of $527.16. The stock’s fifty day moving average is $514.07 and its two-hundred day moving average is $481.66.

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.