Passaic Partners LLC Has $86.52 Million Holdings in iShares Core S&P 500 ETF $IVV

Passaic Partners LLC boosted its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 11.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 115,530 shares of the ETF’s stock after purchasing an additional 12,079 shares during the period. iShares Core S&P 500 ETF makes up approximately 6.4% of Passaic Partners LLC’s holdings, making the stock its 4th largest holding. Passaic Partners LLC’s holdings in iShares Core S&P 500 ETF were worth $86,519,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in IVV. Keenan LLC bought a new stake in iShares Core S&P 500 ETF in the 4th quarter valued at about $26,000. Punch & Associates Investment Management Inc. boosted its position in 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 purchasing an additional 14 shares during the period. GS Investments Inc. boosted its position in 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 purchasing an additional 20 shares during the period. Montgomery Financial Services LLC purchased a new position in shares of iShares Core S&P 500 ETF in the second quarter worth about $32,000. Finally, Allied Private Wealth LLC purchased a new position in shares of iShares Core S&P 500 ETF in the second quarter worth about $33,000. 70.12% of the stock is currently owned by institutional investors.

iShares Core S&P 500 ETF Stock Down 0.4%

NYSEARCA IVV opened at $773.92 on Friday. The firm has a market cap of $898.95 billion, a P/E ratio of 25.10 and a beta of 1.00. The company’s 50 day moving average is $760.69 and its 200-day moving average is $726.99. iShares Core S&P 500 ETF has a 12-month low of $632.14 and a 12-month high of $783.09.

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.