iShares Core S&P 500 ETF $IVV is Riverbend Wealth Management LLC’s Largest Position

Riverbend Wealth Management LLC raised its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 1.2% during the second quarter, HoldingsChannel.com reports. The firm owned 12,594 shares of the company’s stock after buying an additional 145 shares during the period. iShares Core S&P 500 ETF makes up about 5.9% of Riverbend Wealth Management LLC’s portfolio, making the stock its biggest holding. Riverbend Wealth Management LLC’s holdings in iShares Core S&P 500 ETF were worth $7,819,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Johnson Bixby & Associates LLC raised its position in shares of iShares Core S&P 500 ETF by 1.2% in the 2nd quarter. Johnson Bixby & Associates LLC now owns 1,403 shares of the company’s stock valued at $871,000 after purchasing an additional 16 shares in the last quarter. Activest Wealth Management raised its position in shares of iShares Core S&P 500 ETF by 1.5% in the 1st quarter. Activest Wealth Management now owns 1,144 shares of the company’s stock valued at $643,000 after purchasing an additional 17 shares in the last quarter. Greenfield Savings Bank raised its position in shares of iShares Core S&P 500 ETF by 2.0% in the 2nd quarter. Greenfield Savings Bank now owns 869 shares of the company’s stock valued at $540,000 after purchasing an additional 17 shares in the last quarter. Next Level Private LLC raised its position in shares of iShares Core S&P 500 ETF by 1.6% in the 2nd quarter. Next Level Private LLC now owns 1,089 shares of the company’s stock valued at $676,000 after purchasing an additional 17 shares in the last quarter. Finally, Defined Financial Planning LLC raised its position in shares of iShares Core S&P 500 ETF by 3.7% in the 2nd quarter. Defined Financial Planning LLC now owns 480 shares of the company’s stock valued at $300,000 after purchasing an additional 17 shares in the last quarter. 70.12% of the stock is owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Stock Up 0.6%

Shares of IVV opened at $667.69 on Friday. The firm has a market cap of $697.70 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 52-week low of $484.00 and a 52-week high of $677.20. The business’s 50 day moving average is $657.92 and its two-hundred day moving average is $614.02.

iShares Core S&P 500 ETF Company 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.