Brown Wealth Management LLC Has $69.57 Million Position in iShares Core S&P 500 ETF $IVV

Brown Wealth Management LLC increased its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 114.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 101,567 shares of the company’s stock after buying an additional 54,095 shares during the period. iShares Core S&P 500 ETF accounts for about 18.3% of Brown Wealth Management LLC’s portfolio, making the stock its largest holding. Brown Wealth Management LLC’s holdings in iShares Core S&P 500 ETF were worth $69,567,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Decker Retirement Planning Inc. bought a new stake in shares of iShares Core S&P 500 ETF during the 4th quarter worth about $29,000. Palouse Capital Management Inc. bought a new stake in shares of iShares Core S&P 500 ETF during the 4th quarter worth about $38,000. Imprint Wealth LLC bought a new stake in shares of iShares Core S&P 500 ETF during the 3rd quarter worth about $39,000. Dorato Capital Management acquired a new stake in shares of iShares Core S&P 500 ETF during the fourth quarter worth $55,000. Finally, EQ Wealth Advisors LLC acquired a new stake in shares of iShares Core S&P 500 ETF during the fourth quarter worth $55,000. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Performance

IVV opened at $737.19 on Wednesday. iShares Core S&P 500 ETF has a fifty-two week low of $578.31 and a fifty-two week high of $753.02. The company has a market capitalization of $814.04 billion, a P/E ratio of 25.10 and a beta of 1.00. The stock has a fifty day moving average of $693.43 and a 200-day moving average of $688.99.

iShares Core S&P 500 ETF Company 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.