iShares Core S&P 500 ETF $IVV is Element Pointe Advisors LLC’s Largest Position

Element Pointe Advisors LLC increased its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 3.3% in the first quarter, Holdings Channel reports. The firm owned 304,933 shares of the ETF’s stock after buying an additional 9,605 shares during the quarter. iShares Core S&P 500 ETF accounts for 37.6% of Element Pointe Advisors LLC’s investment portfolio, making the stock its biggest holding. Element Pointe Advisors LLC’s holdings in iShares Core S&P 500 ETF were worth $199,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Legacy Private Trust Co. increased its stake in shares of iShares Core S&P 500 ETF by 1.1% during the fourth quarter. Legacy Private Trust Co. now owns 333,049 shares of the ETF’s stock valued at $228,119,000 after acquiring an additional 3,711 shares during the period. Belpointe Asset Management LLC lifted its position in iShares Core S&P 500 ETF by 4.5% in the fourth quarter. Belpointe Asset Management LLC now owns 39,767 shares of the ETF’s stock worth $27,239,000 after purchasing an additional 1,700 shares during the period. Hubbell Strickland Wealth Management LLC lifted its position in iShares Core S&P 500 ETF by 2.0% in the fourth quarter. Hubbell Strickland Wealth Management LLC now owns 39,670 shares of the ETF’s stock worth $27,172,000 after purchasing an additional 792 shares during the period. Atria Investments Inc lifted its position in iShares Core S&P 500 ETF by 14.0% in the fourth quarter. Atria Investments Inc now owns 251,381 shares of the ETF’s stock worth $172,181,000 after purchasing an additional 30,777 shares during the period. Finally, M&T Bank Corp boosted its stake in iShares Core S&P 500 ETF by 0.8% during the 4th quarter. M&T Bank Corp now owns 1,309,001 shares of the ETF’s stock valued at $896,587,000 after purchasing an additional 10,723 shares in 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 IVV stock opened at $745.36 on Tuesday. iShares Core S&P 500 ETF has a 1 year low of $622.31 and a 1 year high of $764.00. The stock has a market cap of $879.26 billion, a PE ratio of 25.10 and a beta of 1.00. The business’s fifty day moving average is $748.36 and its 200-day moving average is $709.80.

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.