Montag A & Associates Inc. Raises Stake in iShares Core S&P 500 ETF $IVV

Montag A & Associates Inc. boosted its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 3.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 235,233 shares of the company’s stock after buying an additional 7,300 shares during the quarter. iShares Core S&P 500 ETF accounts for approximately 7.1% of Montag A & Associates Inc.’s portfolio, making the stock its biggest holding. Montag A & Associates Inc.’s holdings in iShares Core S&P 500 ETF were worth $146,056,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares Core S&P 500 ETF by 2.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 31,297,509 shares of the company’s stock worth $17,586,070,000 after purchasing an additional 768,618 shares in the last quarter. New Vernon Capital Holdings II LLC grew its holdings in iShares Core S&P 500 ETF by 53,779.2% during the first quarter. New Vernon Capital Holdings II LLC now owns 24,775,295 shares of the company’s stock valued at $13,921,238,000 after purchasing an additional 24,729,312 shares during the period. JPMorgan Chase & Co. increased its position in iShares Core S&P 500 ETF by 31.4% in the first quarter. JPMorgan Chase & Co. now owns 23,892,610 shares of the company’s stock worth $13,425,259,000 after buying an additional 5,708,115 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of iShares Core S&P 500 ETF by 1.0% in the first quarter. PNC Financial Services Group Inc. now owns 15,270,271 shares of the company’s stock worth $8,580,365,000 after buying an additional 146,638 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in shares of iShares Core S&P 500 ETF by 21.5% during the 1st quarter. Jones Financial Companies Lllp now owns 14,644,144 shares of the company’s stock valued at $7,861,763,000 after buying an additional 2,592,493 shares in the last quarter. 70.12% of the stock is owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Trading Up 1.6%

Shares of NYSEARCA:IVV opened at $684.82 on Tuesday. The stock has a 50 day moving average of $669.02 and a 200 day moving average of $632.42. The company has a market cap of $718.72 billion, a PE ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 12-month low of $484.00 and a 12-month high of $693.07.

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.