Sofi Wealth LLC Increases Holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Sofi Wealth LLC grew its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 4,932.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 320,156 shares of the company’s stock after buying an additional 313,794 shares during the period. iShares Core S&P 500 ETF accounts for approximately 13.5% of Sofi Wealth LLC’s investment portfolio, making the stock its largest holding. Sofi Wealth LLC’s holdings in iShares Core S&P 500 ETF were worth $179,895,000 at the end of the most recent reporting period.

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

iShares Core S&P 500 ETF Stock Down 0.8%

NYSEARCA:IVV opened at $598.76 on Wednesday. iShares Core S&P 500 ETF has a 12-month low of $484.00 and a 12-month high of $616.22. The stock’s fifty day simple moving average is $573.08 and its 200-day simple moving average is $583.06. The firm has a market capitalization of $587.89 billion, a P/E 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.