Chung Wu Investment Group LLC Invests $11 Million in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Chung Wu Investment Group LLC bought a new stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 18,682 shares of the company’s stock, valued at approximately $10,998,000. iShares Core S&P 500 ETF comprises about 11.1% of Chung Wu Investment Group LLC’s holdings, making the stock its biggest position.

Other hedge funds also recently bought and sold shares of the company. SYM FINANCIAL Corp acquired a new position in iShares Core S&P 500 ETF in the 4th quarter valued at about $30,000. Modus Advisors LLC acquired a new position in shares of iShares Core S&P 500 ETF in the fourth quarter valued at approximately $32,000. Ulland Investment Advisors LLC purchased a new position in shares of iShares Core S&P 500 ETF during the fourth quarter valued at approximately $32,000. Safe Harbor Fiduciary LLC acquired a new stake in iShares Core S&P 500 ETF during the third quarter worth approximately $33,000. Finally, Advantage Trust Co acquired a new position in iShares Core S&P 500 ETF in the 4th quarter valued at $36,000.

iShares Core S&P 500 ETF Trading Up 1.1 %

IVV stock opened at $586.06 on Thursday. iShares Core S&P 500 ETF has a 12-month low of $496.30 and a 12-month high of $616.22. The company has a market cap of $582.92 billion, a PE ratio of 26.66 and a beta of 1.01. The stock has a 50-day moving average price of $600.00 and a two-hundred day moving average price of $588.73.

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.