a16z Perennial Management L.P. Invests $19.49 Million in iShares Core S&P 500 ETF (NYSEARCA:IVV)

a16z Perennial Management L.P. purchased a new stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 33,100 shares of the company’s stock, valued at approximately $19,485,000. iShares Core S&P 500 ETF comprises 2.1% of a16z Perennial Management L.P.’s portfolio, making the stock its 10th largest holding.

Several other hedge funds have also added to or reduced their stakes in the company. SYM FINANCIAL Corp acquired a new stake in iShares Core S&P 500 ETF during the 4th quarter worth $30,000. Modus Advisors LLC bought a new position in shares of iShares Core S&P 500 ETF in the 4th quarter worth $32,000. Ulland Investment Advisors LLC bought a new position in shares of iShares Core S&P 500 ETF in the 4th quarter worth $32,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of iShares Core S&P 500 ETF during the third quarter worth $33,000. Finally, Advantage Trust Co bought a new stake in iShares Core S&P 500 ETF in the fourth quarter valued at about $36,000.

iShares Core S&P 500 ETF Trading Down 1.2 %

Shares of IVV opened at $579.71 on Wednesday. The stock has a market cap of $576.61 billion, a P/E ratio of 26.66 and a beta of 1.01. iShares Core S&P 500 ETF has a 1 year low of $496.30 and a 1 year high of $616.22. The stock’s 50-day moving average price is $600.36 and its two-hundred day moving average price is $588.75.

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.