Novem Group Takes $10.77 Million Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Novem Group purchased a new position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 18,300 shares of the company’s stock, valued at approximately $10,773,000. iShares Core S&P 500 ETF accounts for about 1.6% of Novem Group’s holdings, making the stock its 13th biggest position.

A number of other hedge funds have also bought and sold shares of IVV. Windsor Advisory Group LLC grew its position in shares of iShares Core S&P 500 ETF by 100.0% in the 4th quarter. Windsor Advisory Group LLC now owns 50 shares of the company’s stock worth $29,000 after acquiring an additional 25 shares in the last quarter. SYM FINANCIAL Corp acquired a new stake in shares of iShares Core S&P 500 ETF during the 4th quarter valued at approximately $30,000. Murphy & Mullick Capital Management Corp bought a new position in iShares Core S&P 500 ETF during the fourth quarter worth $30,000. Ulland Investment Advisors LLC acquired a new position in iShares Core S&P 500 ETF in the fourth quarter worth $32,000. Finally, Sellwood Investment Partners LLC acquired a new position in iShares Core S&P 500 ETF in the fourth quarter worth $32,000.

iShares Core S&P 500 ETF Stock Performance

Shares of NYSEARCA:IVV opened at $595.57 on Wednesday. The company’s fifty day moving average is $555.61 and its two-hundred day moving average is $583.08. iShares Core S&P 500 ETF has a 1-year low of $484.00 and a 1-year high of $616.22. The stock has a market capitalization of $592.15 billion, a price-to-earnings ratio of 24.62 and a beta of 1.01.

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.