iShares Core S&P 500 ETF $IVV is Parallel Advisors LLC’s Largest Position

Parallel Advisors LLC lifted its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 11.8% during the 3rd quarter, Holdings Channel reports. The firm owned 818,542 shares of the company’s stock after acquiring an additional 86,631 shares during the period. iShares Core S&P 500 ETF comprises about 10.0% of Parallel Advisors LLC’s holdings, making the stock its biggest holding. Parallel Advisors LLC’s holdings in iShares Core S&P 500 ETF were worth $547,850,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position 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. Envestnet Asset Management Inc. grew its position in shares of iShares Core S&P 500 ETF by 0.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 28,570,831 shares of the company’s stock worth $19,122,455,000 after buying an additional 201,983 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of iShares Core S&P 500 ETF by 18.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 28,271,587 shares of the company’s stock worth $17,553,830,000 after buying an additional 4,378,977 shares during the last quarter. Creative Planning increased its stake in shares of iShares Core S&P 500 ETF by 1.8% during the second quarter. Creative Planning now owns 22,229,974 shares of the company’s stock valued at $13,802,591,000 after buying an additional 398,230 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of iShares Core S&P 500 ETF by 3.6% during 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 buying an additional 601,254 shares during the period. 70.12% of the stock is owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Stock Down 1.3%

Shares of iShares Core S&P 500 ETF stock opened at $675.40 on Friday. The business has a 50 day moving average of $690.86 and a 200 day moving average of $678.25. iShares Core S&P 500 ETF has a 52 week low of $484.00 and a 52 week high of $700.97. The company has a market cap of $742.40 billion, a PE ratio of 25.10 and a beta of 1.00.

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. 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.