NRI Wealth Management LC Acquires $35.40 Million in iShares Core S&P 500 ETF (NYSEARCA:IVV)

NRI Wealth Management LC has made a significant investment in the iShares Core S&P 500 ETF (NYSEARCA:IVV) during the fourth quarter, as reported by Holdings Channel.com. The firm acquired 60,131 shares of this exchange-traded fund, amounting to an investment of approximately $35,398,000. This investment represents about 24.4% of NRI Wealth Management LC's total portfolio, which makes the iShares Core S&P 500 ETF its largest holding.

Other institutional investors have also been active with the ETF, either increasing their stakes or establishing new ones. For instance, Safe Harbor Fiduciary LLC entered into a new investment with shares of the iShares Core S&P 500 ETF in the third quarter, valued at about $33,000. Cedar Wealth Management LLC dramatically increased its investment by 139.3% during the same period, now holding 67 shares valued at approximately $39,000 after adding 39 shares.

Kennebec Savings Bank, Brooklyn Investment Group, and Peterson Financial Group Inc. also acquired new stakes during the third quarter, with values ranging from $40,000 to $46,000, further showcasing growing interest in this ETF.

iShares Core S&P 500 ETF Price Performance

The iShares Core S&P 500 ETF opened trading at $587.45 on Friday. Its 50-day moving average price is currently $596.41, while the 200-day moving average price stands at $572.46. The fund has a market capitalization of $506.91 billion, a P/E ratio of 25.23, and a beta of 0.99. Over the past year, the ETF has experienced a low of $468.65 and a high of $612.09.

Overview of iShares Core S&P 500 ETF

The iShares Core S&P 500 ETF is designed to track the performance of the Standard & Poor’s 500 Index, which measures the performance of the large-cap sector of the U.S. equity market. This ETF offers investors a way to gain exposure to a diversified portfolio of top U.S. companies.

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For those interested in tracking the holdings of hedge funds in IVV, visit HoldingsChannel.com for the latest 13F filings and insider trades related to iShares Core S&P 500 ETF.

investment, ETF, portfolio