Sumitomo Life Insurance Co. Makes New Investment in iShares Core S&P 500 ETF $IVV

Sumitomo Life Insurance Co. bought a new position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) in the third quarter, Holdings Channel reports. The fund bought 160,000 shares of the company’s stock, valued at approximately $107,088,000. iShares Core S&P 500 ETF makes up approximately 3.3% of Sumitomo Life Insurance Co.’s portfolio, making the stock its 7th largest holding.

A number of other institutional investors also recently modified their holdings of the business. Nvwm LLC raised its stake in iShares Core S&P 500 ETF by 210.5% in the 2nd quarter. Nvwm LLC now owns 59 shares of the company’s stock worth $37,000 after purchasing an additional 40 shares in the last quarter. Winnow Wealth LLC acquired a new position in shares of iShares Core S&P 500 ETF during the 3rd quarter worth approximately $61,000. Conquis Financial LLC bought a new position in shares of iShares Core S&P 500 ETF during the third quarter worth approximately $82,000. Your Advocates Ltd. LLP raised its position in shares of iShares Core S&P 500 ETF by 51.6% in the second quarter. Your Advocates Ltd. LLP now owns 138 shares of the company’s stock valued at $86,000 after buying an additional 47 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in shares of iShares Core S&P 500 ETF in the second quarter valued at approximately $92,000. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Price Performance

Shares of NYSEARCA:IVV opened at $696.25 on Thursday. The business’s 50 day simple moving average is $691.20 and its 200 day simple moving average is $676.25. iShares Core S&P 500 ETF has a 1 year low of $484.00 and a 1 year high of $700.97. The company has a market capitalization of $765.32 billion, a P/E ratio of 25.10 and a beta of 1.00.

iShares Core S&P 500 ETF Company 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. 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.