Avantax Advisory Services Inc. Grows Stake in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Avantax Advisory Services Inc. lifted its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 0.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,791,134 shares of the company’s stock after acquiring an additional 12,229 shares during the period. iShares Core S&P 500 ETF accounts for about 6.6% of Avantax Advisory Services Inc.’s portfolio, making the stock its 2nd biggest position. Avantax Advisory Services Inc.’s holdings in iShares Core S&P 500 ETF were worth $1,054,405,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in IVV. JPMorgan Chase & Co. lifted its position in iShares Core S&P 500 ETF by 11.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,924,985 shares of the company’s stock valued at $12,069,951,000 after acquiring an additional 2,187,803 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in iShares Core S&P 500 ETF by 2.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,123,633 shares of the company’s stock valued at $8,902,980,000 after acquiring an additional 338,269 shares in the last quarter. Bank of New York Mellon Corp lifted its position in iShares Core S&P 500 ETF by 1.3% in the 4th quarter. Bank of New York Mellon Corp now owns 13,904,814 shares of the company’s stock valued at $8,185,485,000 after acquiring an additional 183,962 shares in the last quarter. Jones Financial Companies Lllp lifted its position in iShares Core S&P 500 ETF by 4.1% in the 4th quarter. Jones Financial Companies Lllp now owns 12,051,651 shares of the company’s stock valued at $7,094,566,000 after acquiring an additional 476,796 shares in the last quarter. Finally, Nisa Investment Advisors LLC bought a new position in iShares Core S&P 500 ETF in the 4th quarter valued at about $5,813,061,000.

iShares Core S&P 500 ETF Stock Performance

Shares of NYSEARCA IVV opened at $558.64 on Wednesday. iShares Core S&P 500 ETF has a fifty-two week low of $496.30 and a fifty-two week high of $616.22. The stock has a market cap of $555.65 billion, a price-to-earnings ratio of 26.66 and a beta of 1.01. The firm’s 50-day simple moving average is $597.89 and its 200 day simple moving average is $589.10.

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.