Cornerstone Financial Management LLC Takes $745,000 Position in iShares Core S&P 500 ETF $IVV

Cornerstone Financial Management LLC purchased a new stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,088 shares of the company’s stock, valued at approximately $745,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Decker Retirement Planning Inc. purchased a new position in shares of iShares Core S&P 500 ETF during the 4th quarter valued at $29,000. GS Investments Inc. boosted its holdings in iShares Core S&P 500 ETF by 83.3% in the fourth quarter. GS Investments Inc. now owns 44 shares of the company’s stock worth $30,000 after purchasing an additional 20 shares in the last quarter. Palouse Capital Management Inc. acquired a new position in iShares Core S&P 500 ETF during the 4th quarter worth $38,000. Imprint Wealth LLC acquired a new position in iShares Core S&P 500 ETF during the 3rd quarter worth $39,000. Finally, Dorato Capital Management acquired a new position in iShares Core S&P 500 ETF during the 4th quarter worth $55,000. 70.12% of the stock is currently owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Price Performance

iShares Core S&P 500 ETF stock opened at $745.14 on Friday. The firm has a market cap of $822.82 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a fifty-two week low of $594.71 and a fifty-two week high of $764.00. The firm has a fifty day moving average price of $725.41 and a two-hundred day moving average price of $698.23.

iShares Core S&P 500 ETF 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.