OLD Point Trust & Financial Services N A Invests $304,000 in iShares Core S&P 500 ETF (NYSEARCA:IVV)

OLD Point Trust & Financial Services N A acquired a new stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 517 shares of the company’s stock, valued at approximately $304,000.

Several other hedge funds have also recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its position in shares of iShares Core S&P 500 ETF by 35.9% during the third quarter. Daiwa Securities Group Inc. now owns 360,213 shares of the company’s stock worth $207,778,000 after buying an additional 95,234 shares during the period. Strategent Financial LLC bought a new stake in iShares Core S&P 500 ETF during the 4th quarter valued at $416,000. ORG Partners LLC boosted its position in iShares Core S&P 500 ETF by 9.0% during the 4th quarter. ORG Partners LLC now owns 27,810 shares of the company’s stock worth $16,382,000 after acquiring an additional 2,289 shares during the period. Meadow Creek Wealth Advisors LLC grew its stake in shares of iShares Core S&P 500 ETF by 5.7% in the fourth quarter. Meadow Creek Wealth Advisors LLC now owns 19,820 shares of the company’s stock worth $11,668,000 after purchasing an additional 1,070 shares in the last quarter. Finally, Parkworth Wealth Management Inc. acquired a new position in shares of iShares Core S&P 500 ETF during the fourth quarter valued at $59,000.

iShares Core S&P 500 ETF Stock Up 1.1 %

Shares of NYSEARCA IVV opened at $568.01 on Thursday. The firm’s 50-day simple moving average is $594.45 and its 200 day simple moving average is $588.91. The stock has a market cap of $546.99 billion, a P/E ratio of 24.98 and a beta of 1.01. iShares Core S&P 500 ETF has a fifty-two week low of $496.30 and a fifty-two week high of $616.22.

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.