Ridgeline Wealth LLC Invests $253,000 in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Ridgeline Wealth LLC acquired a new position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 431 shares of the company’s stock, valued at approximately $253,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Modus Advisors LLC acquired a new position in shares of iShares Core S&P 500 ETF during the 4th quarter worth about $32,000. Safe Harbor Fiduciary LLC bought a new stake in iShares Core S&P 500 ETF during the third quarter worth about $33,000. Cedar Wealth Management LLC boosted its position in iShares Core S&P 500 ETF by 139.3% during the third quarter. Cedar Wealth Management LLC now owns 67 shares of the company’s stock valued at $39,000 after purchasing an additional 39 shares during the last quarter. Kennebec Savings Bank bought a new position in iShares Core S&P 500 ETF in the third quarter valued at approximately $40,000. Finally, Brooklyn Investment Group acquired a new position in shares of iShares Core S&P 500 ETF during the 3rd quarter worth approximately $42,000.

iShares Core S&P 500 ETF Stock Up 0.6 %

Shares of NYSEARCA IVV traded up $3.69 during trading hours on Monday, hitting $598.30. The company had a trading volume of 4,168,365 shares, compared to its average volume of 6,479,948. iShares Core S&P 500 ETF has a 1-year low of $470.55 and a 1-year high of $612.09. The firm’s 50 day moving average is $596.77 and its 200-day moving average is $573.22. The stock has a market capitalization of $516.27 billion, a P/E ratio of 25.23 and a beta of 0.99.

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.