Sherman Asset Management Inc. Boosts Stock Holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Sherman Asset Management Inc. grew its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 3.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,633 shares of the company’s stock after buying an additional 1,261 shares during the period. iShares Core S&P 500 ETF accounts for about 18.6% of Sherman Asset Management Inc.’s investment portfolio, making the stock its biggest holding. Sherman Asset Management Inc.’s holdings in iShares Core S&P 500 ETF were worth $19,460,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Family Management Corp raised its position in shares of iShares Core S&P 500 ETF by 6.4% during the fourth quarter. Family Management Corp now owns 4,444 shares of the company’s stock worth $2,616,000 after purchasing an additional 266 shares during the period. M Holdings Securities Inc. acquired a new position in shares of iShares Core S&P 500 ETF during the 4th quarter worth about $35,343,000. Michels Family Financial LLC acquired a new stake in iShares Core S&P 500 ETF in the 4th quarter worth $3,885,000. Dunhill Financial LLC increased its position in shares of iShares Core S&P 500 ETF by 107.7% during the fourth quarter. Dunhill Financial LLC now owns 783 shares of the company’s stock valued at $461,000 after purchasing an additional 406 shares during the period. Finally, Successful Portfolios LLC boosted its holdings in iShares Core S&P 500 ETF by 3.8% during the first quarter. Successful Portfolios LLC now owns 10,227 shares of the company’s stock valued at $5,747,000 after purchasing an additional 370 shares in the last quarter.

iShares Core S&P 500 ETF Stock Performance

Shares of IVV opened at $602.00 on Monday. iShares Core S&P 500 ETF has a 52-week low of $484.00 and a 52-week high of $616.22. The stock has a fifty day moving average price of $561.94 and a two-hundred day moving average price of $582.87. The company has a market cap of $591.07 billion, a price-to-earnings ratio of 25.71 and a beta of 1.01.

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.