Bestgate Wealth Advisors LLC Invests $6.82 Million in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Bestgate Wealth Advisors LLC bought a new position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,582 shares of the company’s stock, valued at approximately $6,818,000. iShares Core S&P 500 ETF accounts for 13.7% of Bestgate Wealth Advisors LLC’s holdings, making the stock its biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC purchased a new stake in shares of iShares Core S&P 500 ETF in the fourth quarter valued at about $5,813,061,000. Wealthfront Advisers LLC increased its position in shares of iShares Core S&P 500 ETF by 553,404.4% in the fourth quarter. Wealthfront Advisers LLC now owns 8,535,038 shares of the company’s stock worth $5,024,406,000 after acquiring an additional 8,533,496 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in iShares Core S&P 500 ETF by 40,255.6% during the 4th quarter. Proficio Capital Partners LLC now owns 8,128,820 shares of the company’s stock valued at $4,785,274,000 after purchasing an additional 8,108,677 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in iShares Core S&P 500 ETF during the 4th quarter valued at $2,428,403,000. Finally, Alberta Investment Management Corp grew its holdings in iShares Core S&P 500 ETF by 121.2% during the 4th quarter. Alberta Investment Management Corp now owns 5,660,361 shares of the company’s stock valued at $3,332,141,000 after purchasing an additional 3,101,389 shares in the last quarter.

iShares Core S&P 500 ETF Price Performance

NYSEARCA IVV opened at $561.93 on Wednesday. iShares Core S&P 500 ETF has a 12 month low of $496.30 and a 12 month high of $616.22. The company has a market capitalization of $541.14 billion, a price-to-earnings ratio of 24.98 and a beta of 1.01. The company’s fifty day moving average price is $594.93 and its two-hundred day moving average price is $589.06.

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.