Straight Path Wealth Management Has $5.54 Million Holdings in iShares Core S&P 500 ETF $IVV

Straight Path Wealth Management boosted its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 14.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,400 shares of the ETF’s stock after acquiring an additional 910 shares during the period. iShares Core S&P 500 ETF makes up approximately 1.3% of Straight Path Wealth Management’s investment portfolio, making the stock its 14th largest holding. Straight Path Wealth Management’s holdings in iShares Core S&P 500 ETF were worth $5,542,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IVV. Keenan LLC bought a new position in iShares Core S&P 500 ETF in the fourth quarter valued at approximately $26,000. Punch & Associates Investment Management Inc. raised its holdings in shares of iShares Core S&P 500 ETF by 50.0% during the first quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock worth $27,000 after acquiring an additional 14 shares during the period. GS Investments Inc. raised its holdings in shares of iShares Core S&P 500 ETF by 83.3% during the fourth quarter. GS Investments Inc. now owns 44 shares of the ETF’s stock worth $30,000 after acquiring an additional 20 shares during the period. Montgomery Financial Services LLC bought a new stake in iShares Core S&P 500 ETF in the 2nd quarter valued at $32,000. Finally, Allied Private Wealth LLC bought a new stake in iShares Core S&P 500 ETF in the 2nd quarter valued at $33,000. 70.12% of the stock is owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Stock Performance

IVV stock opened at $773.92 on Monday. The stock has a 50-day moving average price of $760.69 and a two-hundred day moving average price of $727.28. The stock has a market cap of $898.95 billion, a PE ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 1 year low of $632.14 and a 1 year high of $783.09.

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. The component stocks are weighted according to the total float-adjusted market value of their outstanding shares. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.