Kovack Advisors Inc. Buys 51,070 Shares of iShares Core S&P 500 ETF $IVV

Kovack Advisors Inc. boosted its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 134.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 89,099 shares of the company’s stock after purchasing an additional 51,070 shares during the quarter. iShares Core S&P 500 ETF comprises about 3.0% of Kovack Advisors Inc.’s holdings, making the stock its 4th largest position. Kovack Advisors Inc.’s holdings in iShares Core S&P 500 ETF were worth $61,027,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Private Trust Co. raised its position in shares of iShares Core S&P 500 ETF by 1.1% during the 4th quarter. Legacy Private Trust Co. now owns 333,049 shares of the company’s stock valued at $228,119,000 after acquiring an additional 3,711 shares in the last quarter. Coyle Financial Counsel LLC boosted its holdings in iShares Core S&P 500 ETF by 7.1% in the third quarter. Coyle Financial Counsel LLC now owns 107,161 shares of the company’s stock worth $71,723,000 after purchasing an additional 7,120 shares during the period. Hubbell Strickland Wealth Management LLC increased its stake in iShares Core S&P 500 ETF by 2.0% during the fourth quarter. Hubbell Strickland Wealth Management LLC now owns 39,670 shares of the company’s stock valued at $27,172,000 after purchasing an additional 792 shares during the last quarter. Belpointe Asset Management LLC raised its holdings in shares of iShares Core S&P 500 ETF by 4.5% during the fourth quarter. Belpointe Asset Management LLC now owns 39,767 shares of the company’s stock worth $27,239,000 after purchasing an additional 1,700 shares during the period. Finally, Atria Investments Inc raised its holdings in shares of iShares Core S&P 500 ETF by 14.0% during the fourth quarter. Atria Investments Inc now owns 251,381 shares of the company’s stock worth $172,181,000 after purchasing an additional 30,777 shares during the period. 70.12% of the stock is currently owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Stock Performance

iShares Core S&P 500 ETF stock opened at $741.05 on Friday. iShares Core S&P 500 ETF has a 1 year low of $594.71 and a 1 year high of $764.00. The firm’s 50-day moving average is $723.67 and its 200-day moving average is $697.90. The company has a market cap of $818.30 billion, a P/E ratio of 25.10 and a beta of 1.00.

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. The component stocks are weighted according to the total float-adjusted market value of their outstanding shares. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.