Gateway Wealth Partners LLC Has $64.72 Million Stock Position in iShares Core S&P 500 ETF $IVV

Gateway Wealth Partners LLC raised its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 422.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 99,077 shares of the ETF’s stock after buying an additional 80,127 shares during the quarter. iShares Core S&P 500 ETF accounts for 2.5% of Gateway Wealth Partners LLC’s investment portfolio, making the stock its biggest holding. Gateway Wealth Partners LLC’s holdings in iShares Core S&P 500 ETF were worth $64,718,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Keenan LLC acquired a new stake in shares of iShares Core S&P 500 ETF in the 4th quarter worth $26,000. Decker Retirement Planning Inc. acquired a new position in iShares Core S&P 500 ETF during the 4th quarter valued at about $29,000. Punch & Associates Investment Management Inc. raised its stake in iShares Core S&P 500 ETF by 50.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock valued at $27,000 after buying an additional 14 shares during the last quarter. GS Investments Inc. raised its stake in iShares Core S&P 500 ETF by 83.3% in 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 last quarter. Finally, Palouse Capital Management Inc. acquired a new stake in iShares Core S&P 500 ETF in the fourth quarter worth about $38,000. 70.12% of the stock is currently owned by institutional investors.

iShares Core S&P 500 ETF Stock Performance

Shares of IVV stock opened at $742.36 on Monday. iShares Core S&P 500 ETF has a fifty-two week low of $622.31 and a fifty-two week high of $764.00. The firm has a market capitalization of $869.45 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The stock’s 50-day simple moving average is $748.47 and its 200-day simple moving average is $711.49.

Key Stories Impacting iShares Core S&P 500 ETF

Here are the key news stories impacting iShares Core S&P 500 ETF this week:

• Negative Sentiment: The S&P 500 ended a choppy week in the red, falling 0.6% and logging a second straight weekly decline, which can weigh on IVV because it mirrors the index. S&P 500 Snapshot: Index Ends Choppy Week in the Red
• Negative Sentiment: Rising Treasury yields and a spike in oil prices have pressured stocks, with traders watching for more volatility and possible further downside in the S&P 500. S&P 500 Slides as Rising Treasury Yields Pressure Stocks
• Negative Sentiment: Options traders are eyeing key “risk pivot” levels as the S&P 500 sells off, suggesting markets remain fragile and could stay choppy near term. As the S&P 500 sells off, traders eye key ‘risk pivot’ level
• Neutral Sentiment: Friday’s U.S. trading session was mixed, with the Dow supported by Apple while semiconductor weakness held back the broader market, leaving the S&P 500 near flat on the day. Dow gains as Apple offsets chip weakness, S&P 500 closes near flat
• Neutral Sentiment: Commentary on BlackRock’s iShares franchise and broad S&P 500 exposure highlights the ETF’s size and popularity, but does not indicate a direct catalyst for IVV’s price. Inside the Success of BlackRock’s iShares ETFs

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.