Northwestern Mutual Wealth Management Co. Raises Holdings in iShares Core S&P 500 ETF $IVV

Northwestern Mutual Wealth Management Co. boosted its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 1.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 35,018,846 shares of the ETF’s stock after purchasing an additional 421,146 shares during the period. iShares Core S&P 500 ETF comprises 14.0% of Northwestern Mutual Wealth Management Co.’s holdings, making the stock its 2nd largest position. Northwestern Mutual Wealth Management Co.’s holdings in iShares Core S&P 500 ETF were worth $26,225,264,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of IVV. Keenan LLC acquired a new position in shares of iShares Core S&P 500 ETF during the 4th quarter worth approximately $26,000. Punch & Associates Investment Management Inc. lifted its holdings in iShares Core S&P 500 ETF by 50.0% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. GS Investments Inc. boosted its position in iShares Core S&P 500 ETF by 83.3% during the fourth quarter. GS Investments Inc. now owns 44 shares of the ETF’s stock worth $30,000 after purchasing an additional 20 shares during the period. Allied Private Wealth LLC bought a new position in iShares Core S&P 500 ETF during the second quarter worth $33,000. Finally, Imprint Wealth LLC acquired a new position in shares of iShares Core S&P 500 ETF in the third quarter valued at $39,000. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Price Performance

Shares of IVV opened at $770.74 on Tuesday. The firm has a market capitalization of $895.25 billion, a PE ratio of 25.10 and a beta of 1.00. The company’s 50-day moving average is $757.80 and its 200-day moving average is $724.92. iShares Core S&P 500 ETF has a fifty-two week low of $632.14 and a fifty-two week high of $783.09.

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.