ADG Wealth Management Group LLC Buys New Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

ADG Wealth Management Group LLC bought a new stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) during the 4th quarter, HoldingsChannel.com reports. The fund bought 10,717 shares of the company’s stock, valued at approximately $6,309,000. iShares Core S&P 500 ETF makes up about 5.6% of ADG Wealth Management Group LLC’s holdings, making the stock its 10th largest position.

Several other hedge funds also recently modified their holdings of IVV. Wealth Group Ltd. boosted its position in shares of iShares Core S&P 500 ETF by 1.9% during the third quarter. Wealth Group Ltd. now owns 190,541 shares of the company’s stock valued at $109,908,000 after buying an additional 3,630 shares during the last quarter. Voisard Asset Management Group Inc. boosted its position in iShares Core S&P 500 ETF by 66.3% in the third quarter. Voisard Asset Management Group Inc. now owns 3,174 shares of the company’s stock worth $1,831,000 after purchasing an additional 1,265 shares during the last quarter. Goldstone Financial Group LLC purchased a new position in iShares Core S&P 500 ETF in the third quarter worth $13,645,000. E Fund Management Hong Kong Co. Ltd. boosted its position in iShares Core S&P 500 ETF by 5.9% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 24,096 shares of the company’s stock worth $13,899,000 after purchasing an additional 1,340 shares during the last quarter. Finally, Ayalon Insurance Comp Ltd. boosted its position in iShares Core S&P 500 ETF by 20.8% in the third quarter. Ayalon Insurance Comp Ltd. now owns 8,888 shares of the company’s stock worth $5,127,000 after purchasing an additional 1,532 shares during the last quarter.

iShares Core S&P 500 ETF Trading Up 1.6 %

IVV stock opened at $597.04 on Friday. The stock’s fifty day simple moving average is $601.07 and its two-hundred day simple moving average is $587.79. iShares Core S&P 500 ETF has a 1-year low of $496.30 and a 1-year high of $616.22. The stock has a market cap of $593.85 billion, a P/E ratio of 26.66 and a beta of 1.01.

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.