Mann Financial Group Inc. Invests $38.52 Million in iShares Core S&P 500 ETF $IVV

Mann Financial Group Inc. bought a new stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 57,557 shares of the company’s stock, valued at approximately $38,523,000. iShares Core S&P 500 ETF comprises 38.1% of Mann Financial Group Inc.’s investment portfolio, making the stock its largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Nvwm LLC lifted its position in shares of iShares Core S&P 500 ETF by 210.5% during the 2nd quarter. Nvwm LLC now owns 59 shares of the company’s stock valued at $37,000 after acquiring an additional 40 shares during the last quarter. Winnow Wealth LLC purchased a new stake in shares of iShares Core S&P 500 ETF during the third quarter valued at $61,000. Conquis Financial LLC acquired a new position in shares of iShares Core S&P 500 ETF in the 3rd quarter valued at $82,000. Your Advocates Ltd. LLP increased its stake in iShares Core S&P 500 ETF by 51.6% in the 2nd quarter. Your Advocates Ltd. LLP now owns 138 shares of the company’s stock worth $86,000 after purchasing an additional 47 shares in the last quarter. Finally, Rice Partnership LLC increased its stake in iShares Core S&P 500 ETF by 30.4% in the 3rd quarter. Rice Partnership LLC now owns 146 shares of the company’s stock worth $98,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Trading Up 0.7%

NYSEARCA IVV opened at $688.28 on Thursday. iShares Core S&P 500 ETF has a 1 year low of $484.00 and a 1 year high of $700.97. The company has a market cap of $756.56 billion, a PE ratio of 25.10 and a beta of 1.00. The stock’s 50-day moving average price is $691.39 and its two-hundred day moving average price is $677.76.

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.