Magnolia Private Wealth LLC Has $2.72 Million Stock Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Magnolia Private Wealth LLC grew its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 86.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,831 shares of the company’s stock after buying an additional 2,234 shares during the quarter. iShares Core S&P 500 ETF makes up approximately 1.5% of Magnolia Private Wealth LLC’s portfolio, making the stock its 14th largest position. Magnolia Private Wealth LLC’s holdings in iShares Core S&P 500 ETF were worth $2,715,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealthfront Advisers LLC raised its position in iShares Core S&P 500 ETF by 553,404.4% during the fourth quarter. Wealthfront Advisers LLC now owns 8,535,038 shares of the company’s stock valued at $5,024,406,000 after acquiring an additional 8,533,496 shares in the last quarter. Proficio Capital Partners LLC raised its position in iShares Core S&P 500 ETF by 40,255.6% during the fourth quarter. Proficio Capital Partners LLC now owns 8,128,820 shares of the company’s stock valued at $4,785,274,000 after acquiring an additional 8,108,677 shares in the last quarter. Prudential Financial Inc. raised its position in iShares Core S&P 500 ETF by 142.1% during the fourth quarter. Prudential Financial Inc. now owns 11,609,297 shares of the company’s stock valued at $6,834,161,000 after acquiring an additional 6,813,214 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in iShares Core S&P 500 ETF during the fourth quarter valued at approximately $3,488,275,000. Finally, Raymond James Financial Inc. bought a new position in iShares Core S&P 500 ETF during the fourth quarter valued at approximately $2,428,403,000.

iShares Core S&P 500 ETF Stock Performance

Shares of IVV opened at $604.31 on Thursday. The firm has a market cap of $593.34 billion, a PE ratio of 25.71 and a beta of 1.01. The firm’s 50 day moving average price is $565.90 and its 200 day moving average price is $583.21. iShares Core S&P 500 ETF has a twelve month low of $484.00 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.