PFG Investments LLC Increases Stake in iShares Core S&P 500 ETF (NYSEARCA:IVV)

PFG Investments LLC has expanded its ownership in the iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 4.1% during the third quarter of the year. This increase came to light through PFG's most recent Form 13F filing with the Securities and Exchange Commission (SEC). As a result, the institutional investor now holds 2,589 shares of the ETF after adding 101 more shares during the quarter. At the conclusion of this reporting period, the value of PFG Investments LLC's stake in the iShares Core S&P 500 ETF was approximately $1,493,000.

In addition to PFG Investments LLC, several other hedge funds have also adjusted their positions in iShares Core S&P 500 ETF. For instance, Envestnet Asset Management Inc. increased its ownership by 21.3% in the second quarter. After obtaining an additional 6,319,531 shares, Envestnet now possesses 36,046,952 shares valued at approximately $19.72 billion. Similarly, Marshall Wace LLP boosted its holdings by 34.5% during the same quarter, bringing its total to 22,513,000 shares worth around $12.32 billion after an acquisition of 5,774,400 shares. Also, Creative Planning raised its stake in the ETF by 1.2% in the third quarter, now owning 21,368,471 shares valued at about $12.33 billion after increasing its holdings by 257,499 shares.

Furthermore, JPMorgan Chase & Co. significantly increased its position in the first quarter by 60.7%, now controlling 20,161,417 shares valued at roughly $10.60 billion after buying another 7,615,287 shares. The Bank of New York Mellon Corp also made a modest increase of 1.8% to its position in the second quarter, bringing its total to 13,683,639 shares valued at about $7.49 billion.

Stock Performance of iShares Core S&P 500 ETF

As of the most recent trading session, shares of NYSEARCA:IVV opened at $581.90. The ETF boasts a market capitalization of $502.12 billion, a price-to-earnings (P/E) ratio of 25.23, and a beta of 0.99. The stock has displayed notable variations, with a fifty-day moving average at $570.04 and a 200-day moving average of $547.67. Looking at its performance over the past year, the ETF has experienced a low of $411.02 and a high of $588.93.

About iShares Core S&P 500 ETF

The iShares Core S&P 500 ETF is an exchange-traded fund designed to deliver investment results that generally correspond to the performance of the Standard & Poor’s 500 Index, which measures the performance of large-capitalization stocks in the U.S. equity market.

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PFG, Investments, ETF