Precedent Wealth Partners LLC Raises Stock Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Precedent Wealth Partners LLC grew its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 4.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 21,747 shares of the company’s stock after purchasing an additional 969 shares during the period. iShares Core S&P 500 ETF comprises approximately 3.4% of Precedent Wealth Partners LLC’s holdings, making the stock its 4th largest holding. Precedent Wealth Partners LLC’s holdings in iShares Core S&P 500 ETF were worth $12,220,000 at the end of the most recent reporting period.

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

iShares Core S&P 500 ETF Stock Performance

Shares of IVV stock opened at $599.79 on Monday. The stock has a market cap of $588.90 billion, a price-to-earnings ratio of 25.71 and a beta of 1.01. iShares Core S&P 500 ETF has a 52-week low of $484.00 and a 52-week high of $616.22. The firm’s 50-day moving average is $569.93 and its 200-day moving average is $582.96.

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.