ArborFi Advisors LLC Raises Stock Position in iShares Core S&P 500 ETF $IVV

ArborFi Advisors LLC grew its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 8.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 30,438 shares of the company’s stock after buying an additional 2,280 shares during the period. iShares Core S&P 500 ETF makes up approximately 16.6% of ArborFi Advisors LLC’s investment portfolio, making the stock its largest position. ArborFi Advisors LLC’s holdings in iShares Core S&P 500 ETF were worth $18,899,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in iShares Core S&P 500 ETF by 6.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 35,694,204 shares of the company’s stock valued at $20,056,573,000 after acquiring an additional 2,160,133 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares Core S&P 500 ETF by 2.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 31,297,509 shares of the company’s stock valued at $17,586,070,000 after purchasing an additional 768,618 shares during the period. New Vernon Capital Holdings II LLC increased its holdings in shares of iShares Core S&P 500 ETF by 53,779.2% during the first quarter. New Vernon Capital Holdings II LLC now owns 24,775,295 shares of the company’s stock valued at $13,921,238,000 after purchasing an additional 24,729,312 shares during the period. JPMorgan Chase & Co. raised its stake in shares of iShares Core S&P 500 ETF by 31.4% during the first quarter. JPMorgan Chase & Co. now owns 23,892,610 shares of the company’s stock valued at $13,425,259,000 after purchasing an additional 5,708,115 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in iShares Core S&P 500 ETF by 1.0% in the first quarter. PNC Financial Services Group Inc. now owns 15,270,271 shares of the company’s stock worth $8,580,365,000 after purchasing an additional 146,638 shares during the period. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Trading Down 1.1%

iShares Core S&P 500 ETF stock opened at $683.23 on Friday. iShares Core S&P 500 ETF has a 52 week low of $484.00 and a 52 week high of $693.07. The stock has a market cap of $716.54 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The company’s 50-day moving average price is $664.56 and its two-hundred day moving average price is $623.89.

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.