Prudential Financial Inc. Buys 6,813,214 Shares of iShares Core S&P 500 ETF (NYSEARCA:IVV)

Prudential Financial Inc. grew its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 142.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,609,297 shares of the company’s stock after acquiring an additional 6,813,214 shares during the period. iShares Core S&P 500 ETF comprises 9.4% of Prudential Financial Inc.’s investment portfolio, making the stock its biggest holding. Prudential Financial Inc.’s holdings in iShares Core S&P 500 ETF were worth $6,834,161,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Arvest Bank Trust Division purchased a new stake in shares of iShares Core S&P 500 ETF in the 3rd quarter valued at $102,003,000. United Bank increased its stake in iShares Core S&P 500 ETF by 22.2% during the 3rd quarter. United Bank now owns 1,079 shares of the company’s stock worth $622,000 after buying an additional 196 shares during the period. Citigroup Inc. boosted its position in iShares Core S&P 500 ETF by 2.8% in the 3rd quarter. Citigroup Inc. now owns 97,743 shares of the company’s stock valued at $56,380,000 after buying an additional 2,628 shares during the period. Jim Saulnier & Associates LLC acquired a new position in shares of iShares Core S&P 500 ETF in the third quarter worth $1,012,000. Finally, Okabena Investment Services Inc. raised its stake in shares of iShares Core S&P 500 ETF by 16.8% in the third quarter. Okabena Investment Services Inc. now owns 13,873 shares of the company’s stock valued at $8,002,000 after acquiring an additional 2,000 shares in the last quarter.

iShares Core S&P 500 ETF Price Performance

Shares of NYSEARCA IVV opened at $566.58 on Monday. The company has a market cap of $545.62 billion, a price-to-earnings ratio of 24.98 and a beta of 1.01. The stock’s 50-day moving average is $593.61 and its two-hundred day moving average is $589.24. iShares Core S&P 500 ETF has a 1-year low of $496.30 and a 1-year high of $616.22.

iShares Core S&P 500 ETF Company 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.