New World Advisors LLC Has $59.95 Million Stock Position in iShares Core S&P 500 ETF $IVV

New World Advisors LLC raised its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,531 shares of the company’s stock after purchasing an additional 3,632 shares during the quarter. iShares Core S&P 500 ETF accounts for about 10.3% of New World Advisors LLC’s holdings, making the stock its 2nd biggest holding. New World Advisors LLC’s holdings in iShares Core S&P 500 ETF were worth $59,953,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares Core S&P 500 ETF by 2.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 33,427,901 shares of the company’s stock valued at $22,373,294,000 after buying an additional 939,429 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of iShares Core S&P 500 ETF by 0.7% in the third quarter. Envestnet Asset Management Inc. now owns 28,570,831 shares of the company’s stock valued at $19,122,455,000 after buying an additional 201,983 shares during the period. Marshall Wace LLP increased its stake in shares of iShares Core S&P 500 ETF by 28.5% in the third quarter. Marshall Wace LLP now owns 27,524,315 shares of the company’s stock valued at $18,422,024,000 after buying an additional 6,101,936 shares during the period. Creative Planning increased its stake in shares of iShares Core S&P 500 ETF by 2.3% in the third quarter. Creative Planning now owns 22,735,267 shares of the company’s stock valued at $15,216,714,000 after buying an additional 505,293 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of iShares Core S&P 500 ETF by 3.6% in the third quarter. Jones Financial Companies Lllp now owns 17,201,745 shares of the company’s stock valued at $11,437,403,000 after buying an additional 601,254 shares during the period. Institutional investors and hedge funds own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Trading Up 0.4%

Shares of IVV stock opened at $749.14 on Friday. The stock has a market cap of $827.24 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The stock has a 50-day moving average of $697.42 and a 200-day moving average of $690.27. iShares Core S&P 500 ETF has a 1-year low of $578.31 and a 1-year high of $753.02.

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. 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.