Westchester Capital Management Inc. Makes New $1.94 Million Investment in iShares Core S&P 500 ETF $IVV

Westchester Capital Management Inc. purchased a new position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,896 shares of the company’s stock, valued at approximately $1,938,000. iShares Core S&P 500 ETF makes up 0.4% of Westchester Capital Management Inc.’s portfolio, making the stock its 29th biggest holding.

Other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in iShares Core S&P 500 ETF by 18.3% in the second quarter. JPMorgan Chase & Co. now owns 28,271,587 shares of the company’s stock valued at $17,553,830,000 after purchasing an additional 4,378,977 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in iShares Core S&P 500 ETF by 56.2% during the third quarter. Nisa Investment Advisors LLC now owns 11,955,236 shares of the company’s stock worth $8,001,639,000 after buying an additional 4,301,015 shares during the period. Laurel Wealth Advisors LLC boosted its position in shares of iShares Core S&P 500 ETF by 63,164.8% in the second quarter. Laurel Wealth Advisors LLC now owns 2,748,222 shares of the company’s stock worth $1,706,371,000 after buying an additional 2,743,878 shares during the period. Allianz Asset Management GmbH increased its stake in iShares Core S&P 500 ETF by 203.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 2,428,267 shares of the company’s stock worth $1,625,239,000 after buying an additional 1,628,276 shares during the period. Finally, Soundwatch Capital LLC boosted its stake in iShares Core S&P 500 ETF by 474.9% during the 2nd quarter. Soundwatch Capital LLC now owns 1,507,952 shares of the company’s stock valued at $936,287,000 after acquiring an additional 1,245,649 shares during the last quarter. 70.12% of the stock is currently owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Stock Performance

Shares of NYSEARCA:IVV opened at $685.84 on Wednesday. The company’s fifty day moving average is $690.46 and its two-hundred day moving average is $674.22. The stock has a market capitalization of $753.88 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 1-year low of $484.00 and a 1-year high of $700.97.

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.