Montecito Bank & Trust Invests $18.10 Million in iShares Core S&P 500 ETF $IVV

Montecito Bank & Trust purchased a new stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 27,039 shares of the company’s stock, valued at approximately $18,097,000. iShares Core S&P 500 ETF comprises 2.8% of Montecito Bank & Trust’s holdings, making the stock its 4th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Flaharty Asset Management LLC bought a new stake in shares of iShares Core S&P 500 ETF during the 1st quarter valued at about $28,000. Nvwm LLC increased its position in iShares Core S&P 500 ETF by 210.5% during the 2nd quarter. Nvwm LLC now owns 59 shares of the company’s stock valued at $37,000 after buying an additional 40 shares in the last quarter. Hager Investment Management Services LLC purchased a new position in shares of iShares Core S&P 500 ETF in the 2nd quarter worth about $61,000. Rice Partnership LLC raised its holdings in iShares Core S&P 500 ETF by 460.0% in the second quarter. Rice Partnership LLC now owns 112 shares of the company’s stock worth $70,000 after buying an additional 92 shares during the last quarter. Finally, Wealth Preservation Advisors LLC purchased a new position in iShares Core S&P 500 ETF in the 1st quarter worth approximately $76,000. Hedge funds and other institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Performance

Shares of NYSEARCA:IVV opened at $672.41 on Thursday. iShares Core S&P 500 ETF has a fifty-two week low of $484.00 and a fifty-two week high of $693.07. The business has a 50-day simple moving average of $678.20 and a two-hundred day simple moving average of $651.25. The firm has a market cap of $705.69 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00.

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.