RiverFront Investment Group LLC Has $292.97 Million Stock Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

RiverFront Investment Group LLC cut its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 613,381 shares of the company’s stock after selling 7,794 shares during the quarter. iShares Core S&P 500 ETF accounts for 9.2% of RiverFront Investment Group LLC’s holdings, making the stock its biggest position. RiverFront Investment Group LLC’s holdings in iShares Core S&P 500 ETF were worth $292,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Stonebrook Private Inc. bought a new stake in shares of iShares Core S&P 500 ETF in the 4th quarter valued at about $412,000. Total Wealth Planning LLC increased its stake in iShares Core S&P 500 ETF by 22.1% during the 4th quarter. Total Wealth Planning LLC now owns 1,824 shares of the company’s stock worth $871,000 after purchasing an additional 330 shares in the last quarter. Principle Wealth Partners LLC increased its stake in iShares Core S&P 500 ETF by 19.5% during the 4th quarter. Principle Wealth Partners LLC now owns 1,344 shares of the company’s stock worth $642,000 after purchasing an additional 219 shares in the last quarter. Transcend Capital Advisors LLC increased its stake in iShares Core S&P 500 ETF by 5.2% during the 4th quarter. Transcend Capital Advisors LLC now owns 33,196 shares of the company’s stock worth $15,856,000 after purchasing an additional 1,629 shares in the last quarter. Finally, Opinicus Capital Inc. bought a new stake in iShares Core S&P 500 ETF during the 4th quarter worth approximately $225,000.

iShares Core S&P 500 ETF Stock Performance

NYSEARCA IVV traded up $4.95 during trading hours on Friday, reaching $510.77. 4,026,864 shares of the company’s stock were exchanged, compared to its average volume of 5,844,797. The company’s 50-day moving average is $514.07 and its two-hundred day moving average is $481.66. iShares Core S&P 500 ETF has a one year low of $405.54 and a one year high of $527.16. The company has a market capitalization of $437.53 billion, a price-to-earnings ratio of 25.43 and a beta of 0.99.

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.