Pinnacle Associates Ltd. Raises Position in iShares Core S&P 500 ETF $IVV

Pinnacle Associates Ltd. grew its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 0.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 140,600 shares of the company’s stock after purchasing an additional 1,121 shares during the quarter. iShares Core S&P 500 ETF accounts for approximately 1.2% of Pinnacle Associates Ltd.’s investment portfolio, making the stock its 16th biggest holding. Pinnacle Associates Ltd.’s holdings in iShares Core S&P 500 ETF were worth $96,303,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Balanced Wealth Group LLC grew its stake in shares of iShares Core S&P 500 ETF by 0.8% in the third quarter. Balanced Wealth Group LLC now owns 1,927 shares of the company’s stock worth $1,196,000 after acquiring an additional 15 shares during the period. Nicollet Investment Management Inc. grew its stake in shares of iShares Core S&P 500 ETF by 1.0% in the third quarter. Nicollet Investment Management Inc. now owns 1,480 shares of the company’s stock worth $991,000 after acquiring an additional 15 shares during the period. Anchor Investment Management LLC grew its stake in shares of iShares Core S&P 500 ETF by 3.1% in the third quarter. Anchor Investment Management LLC now owns 503 shares of the company’s stock worth $337,000 after acquiring an additional 15 shares during the period. Wealth Effects LLC grew its stake in shares of iShares Core S&P 500 ETF by 0.4% in the fourth quarter. Wealth Effects LLC now owns 4,276 shares of the company’s stock worth $2,929,000 after acquiring an additional 15 shares during the period. Finally, West Wealth Group LLC grew its stake in shares of iShares Core S&P 500 ETF by 1.1% in the fourth quarter. West Wealth Group LLC now owns 1,440 shares of the company’s stock worth $987,000 after acquiring an additional 15 shares during the period. 70.12% of the stock is owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Stock Up 0.6%

Shares of IVV stock opened at $745.74 on Thursday. The company has a 50 day moving average price of $688.60 and a 200-day moving average price of $687.42. iShares Core S&P 500 ETF has a 52 week low of $578.31 and a 52 week high of $747.38. The firm has a market capitalization of $823.48 billion, a PE ratio of 25.10 and a beta of 1.00.

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.