Lavelle Capital LP Takes Position in iShares Core S&P 500 ETF $IVV

Lavelle Capital LP bought a new position in iShares Core S&P 500 ETF (NYSEARCA:IVV) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,000 shares of the ETF’s stock, valued at approximately $1,306,000. iShares Core S&P 500 ETF comprises 0.8% of Lavelle Capital LP’s holdings, making the stock its 27th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Keenan LLC purchased a new stake in iShares Core S&P 500 ETF in the 4th quarter worth approximately $26,000. Decker Retirement Planning Inc. purchased a new stake in iShares Core S&P 500 ETF during the fourth quarter worth $29,000. Punch & Associates Investment Management Inc. boosted its holdings in iShares Core S&P 500 ETF by 50.0% during the first quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock worth $27,000 after buying an additional 14 shares in the last quarter. GS Investments Inc. grew its position in iShares Core S&P 500 ETF by 83.3% during the fourth quarter. GS Investments Inc. now owns 44 shares of the ETF’s stock valued at $30,000 after buying an additional 20 shares during the period. Finally, Palouse Capital Management Inc. purchased a new position in iShares Core S&P 500 ETF in the fourth quarter valued at $38,000. 70.12% of the stock is owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Stock Performance

Shares of iShares Core S&P 500 ETF stock opened at $750.32 on Friday. The firm has a 50-day simple moving average of $748.39 and a two-hundred day simple moving average of $713.07. The company has a market cap of $873.26 billion, a P/E ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a fifty-two week low of $622.31 and a fifty-two week high of $764.00.

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.