Bridges Investment Management Inc. Has $132.69 Million Stock Position in iShares Core S&P 500 ETF $IVV

Bridges Investment Management Inc. increased its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 2.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 198,247 shares of the company’s stock after purchasing an additional 5,406 shares during the quarter. iShares Core S&P 500 ETF comprises 1.7% of Bridges Investment Management Inc.’s investment portfolio, making the stock its 17th largest holding. Bridges Investment Management Inc.’s holdings in iShares Core S&P 500 ETF were worth $132,687,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in IVV. Northwestern Mutual Wealth Management Co. boosted its stake in iShares Core S&P 500 ETF by 3.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 32,488,472 shares of the company’s stock valued at $20,172,093,000 after purchasing an additional 1,190,963 shares during the last quarter. JPMorgan Chase & Co. boosted its position in iShares Core S&P 500 ETF by 18.3% in the second quarter. JPMorgan Chase & Co. now owns 28,271,587 shares of the company’s stock worth $17,553,830,000 after purchasing an additional 4,378,977 shares during the last quarter. Creative Planning boosted its holdings in shares of iShares Core S&P 500 ETF by 1.8% in the 2nd quarter. Creative Planning now owns 22,229,974 shares of the company’s stock worth $13,802,591,000 after buying an additional 398,230 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in iShares Core S&P 500 ETF by 3.6% in the third quarter. Jones Financial Companies Lllp now owns 17,201,745 shares of the company’s stock valued at $11,437,403,000 after acquiring an additional 601,254 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in iShares Core S&P 500 ETF by 0.7% in the second quarter. PNC Financial Services Group Inc. now owns 15,375,370 shares of the company’s stock valued at $9,546,567,000 after purchasing an additional 105,099 shares during the last quarter. 70.12% of the stock is currently owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Stock Performance

IVV stock opened at $695.03 on Monday. The company has a market capitalization of $762.14 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a fifty-two week low of $484.00 and a fifty-two week high of $700.97. The stock has a fifty day moving average of $689.02 and a 200-day moving average of $669.52.

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.