Summit Asset Management LLC Has $17.69 Million Stake in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Summit Asset Management LLC raised its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 21.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 30,052 shares of the company’s stock after purchasing an additional 5,274 shares during the period. iShares Core S&P 500 ETF accounts for 3.1% of Summit Asset Management LLC’s holdings, making the stock its 9th biggest position. Summit Asset Management LLC’s holdings in iShares Core S&P 500 ETF were worth $17,691,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of IVV. Nisa Investment Advisors LLC bought a new stake in iShares Core S&P 500 ETF during the fourth quarter valued at about $5,813,061,000. Alberta Investment Management Corp boosted its stake in shares of iShares Core S&P 500 ETF by 121.2% in the fourth quarter. Alberta Investment Management Corp now owns 5,660,361 shares of the company’s stock worth $3,332,141,000 after acquiring an additional 3,101,389 shares during the period. MKP Capital Management L.L.C. bought a new position in shares of iShares Core S&P 500 ETF in the fourth quarter worth about $1,568,883,000. JPMorgan Chase & Co. boosted its stake in shares of iShares Core S&P 500 ETF by 11.7% in the third quarter. JPMorgan Chase & Co. now owns 20,924,985 shares of the company’s stock worth $12,069,951,000 after acquiring an additional 2,187,803 shares during the period. Finally, Strategic Financial Concepts LLC boosted its stake in shares of iShares Core S&P 500 ETF by 57,207.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 2,048,157 shares of the company’s stock worth $1,205,709,000 after acquiring an additional 2,044,583 shares during the period.

iShares Core S&P 500 ETF Stock Down 1.7 %

NYSEARCA IVV opened at $602.87 on Friday. The firm has a market cap of $520.22 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99. The business has a 50-day moving average price of $601.14 and a 200-day moving average price of $585.94. iShares Core S&P 500 ETF has a twelve month low of $496.30 and a twelve month high of $616.22.

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.