Oak Point Wealth Management purchased a new stake in shares of iShares S&P 500 Index (NYSEARCA:IVV) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 9,546 shares of the company’s stock, valued at approximately $2,565,000. iShares S&P 500 Index makes up approximately 2.5% of Oak Point Wealth Management’s portfolio, making the stock its 7th biggest position.

Several other hedge funds have also made changes to their positions in IVV. Vista Private Wealth Partners. LLC bought a new stake in iShares S&P 500 Index during the 3rd quarter worth approximately $2,452,000. Atlantic Trust Group LLC increased its holdings in iShares S&P 500 Index by 19.5% during the 3rd quarter. Atlantic Trust Group LLC now owns 216,825 shares of the company’s stock worth $54,842,000 after acquiring an additional 35,390 shares during the period. P Solve Investments Ltd bought a new stake in iShares S&P 500 Index during the 3rd quarter worth approximately $4,725,000. First Financial Bank Trust Division increased its holdings in iShares S&P 500 Index by 15.8% during the 4th quarter. First Financial Bank Trust Division now owns 4,777 shares of the company’s stock worth $1,284,000 after acquiring an additional 653 shares during the period. Finally, Parametric Portfolio Associates LLC increased its holdings in iShares S&P 500 Index by 31.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 6,154,037 shares of the company’s stock worth $1,556,541,000 after acquiring an additional 1,456,905 shares during the period.

iShares S&P 500 Index (NYSEARCA:IVV) traded up $1.01 during trading on Tuesday, reaching $276.95. 2,881,800 shares of the company were exchanged, compared to its average volume of 4,548,200. The company has a market cap of $145,370.00 and a price-to-earnings ratio of 12.26. iShares S&P 500 Index has a twelve month low of $226.32 and a twelve month high of $276.11.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Wednesday, December 20th were issued a dividend of $1.2727 per share. This represents a $5.09 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Tuesday, December 19th. iShares S&P 500 Index’s dividend payout ratio (DPR) is presently 20.85%.

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About iShares S&P 500 Index

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.

Want to see what other hedge funds are holding IVV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P 500 Index (NYSEARCA:IVV).

Institutional Ownership by Quarter for iShares S&P 500 Index (NYSEARCA:IVV)

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