Pines Wealth Management LLC Buys New Shares in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Pines Wealth Management LLC bought a new position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 14,439 shares of the company’s stock, valued at approximately $8,423,000. iShares Core S&P 500 ETF makes up 3.7% of Pines Wealth Management LLC’s portfolio, making the stock its 2nd largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IVV. Accurate Wealth Management LLC lifted its position in shares of iShares Core S&P 500 ETF by 5.3% during the fourth quarter. Accurate Wealth Management LLC now owns 3,889 shares of the company’s stock worth $2,269,000 after purchasing an additional 195 shares in the last quarter. 626 Financial LLC bought a new position in shares of iShares Core S&P 500 ETF during the fourth quarter worth $227,000. Pacifica Partners Inc. grew its stake in iShares Core S&P 500 ETF by 4.6% in the fourth quarter. Pacifica Partners Inc. now owns 3,052 shares of the company’s stock valued at $1,793,000 after acquiring an additional 133 shares during the period. Mayfair Advisory Group LLC increased its stake in iShares Core S&P 500 ETF by 3.5% during the 4th quarter. Mayfair Advisory Group LLC now owns 3,967 shares of the company’s stock worth $2,335,000 after purchasing an additional 135 shares in the last quarter. Finally, Affinity Capital Advisors LLC raised its holdings in shares of iShares Core S&P 500 ETF by 7.0% during the fourth quarter. Affinity Capital Advisors LLC now owns 89,593 shares of the company’s stock worth $53,000,000 after acquiring an additional 5,850 shares during the period.

iShares Core S&P 500 ETF Trading Up 1.8 %

Shares of IVV opened at $595.63 on Thursday. The firm has a fifty day simple moving average of $598.35 and a 200 day simple moving average of $575.28. The stock has a market capitalization of $513.97 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99. iShares Core S&P 500 ETF has a 12 month low of $472.11 and a 12 month high of $612.09.

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.