Cornerstone Wealth Group LLC Raises Stake in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Cornerstone Wealth Group LLC grew its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 6.5% in the 4th quarter, Holdings Channel reports. The fund owned 79,915 shares of the company’s stock after purchasing an additional 4,864 shares during the quarter. iShares Core S&P 500 ETF comprises 3.8% of Cornerstone Wealth Group LLC’s portfolio, making the stock its 5th biggest holding. Cornerstone Wealth Group LLC’s holdings in iShares Core S&P 500 ETF were worth $47,044,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. International Assets Investment Management LLC increased its holdings in shares of iShares Core S&P 500 ETF by 67,668.9% during the 3rd quarter. International Assets Investment Management LLC now owns 10,247,335 shares of the company’s stock worth $5,910,868,000 after purchasing an additional 10,232,214 shares during the period. Nisa Investment Advisors LLC bought a new position in iShares Core S&P 500 ETF during the fourth quarter valued at about $5,813,061,000. JPMorgan Chase & Co. increased its stake in iShares Core S&P 500 ETF by 11.7% during the third quarter. JPMorgan Chase & Co. now owns 20,924,985 shares of the company’s stock valued at $12,069,951,000 after acquiring an additional 2,187,803 shares during the period. Assetmark Inc. raised its holdings in iShares Core S&P 500 ETF by 788.4% in the 3rd quarter. Assetmark Inc. now owns 1,179,310 shares of the company’s stock valued at $680,249,000 after acquiring an additional 1,046,567 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of iShares Core S&P 500 ETF in the 2nd quarter worth approximately $316,169,000.

iShares Core S&P 500 ETF Trading Up 0.8 %

IVV opened at $607.49 on Wednesday. The stock’s 50 day simple moving average is $599.56 and its 200-day simple moving average is $578.27. The stock has a market cap of $524.20 billion, a PE ratio of 25.23 and a beta of 0.99. iShares Core S&P 500 ETF has a 1 year low of $485.19 and a 1 year high of $613.79.

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.