Independent Solutions Wealth Management LLC Increases Stock Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Independent Solutions Wealth Management LLC boosted its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 1,059.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 10,724 shares of the company’s stock after acquiring an additional 9,799 shares during the period. iShares Core S&P 500 ETF accounts for 1.4% of Independent Solutions Wealth Management LLC’s holdings, making the stock its 21st largest holding. Independent Solutions Wealth Management LLC’s holdings in iShares Core S&P 500 ETF were worth $6,313,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Kiker Wealth Management LLC purchased a new stake in shares of iShares Core S&P 500 ETF during the fourth quarter worth about $409,000. Antonelli Financial Advisors LLC bought a new position in iShares Core S&P 500 ETF during the 4th quarter valued at approximately $4,911,000. Lowe Brockenbrough & Co. Inc. lifted its holdings in iShares Core S&P 500 ETF by 6.1% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 239,949 shares of the company’s stock worth $141,253,000 after buying an additional 13,894 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in iShares Core S&P 500 ETF by 2.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 158,661 shares of the company’s stock worth $93,399,000 after buying an additional 3,917 shares during the period. Finally, OLD Point Trust & Financial Services N A bought a new stake in shares of iShares Core S&P 500 ETF in the 4th quarter worth approximately $304,000.

iShares Core S&P 500 ETF Stock Performance

IVV opened at $566.74 on Friday. The stock has a market capitalization of $545.77 billion, a PE ratio of 24.98 and a beta of 1.01. The stock’s 50 day moving average price is $593.94 and its 200-day moving average price is $588.76. iShares Core S&P 500 ETF has a 52-week low of $496.30 and a 52-week high of $616.22.

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.