Abbot Financial Management Inc. Makes New $201,000 Investment in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Abbot Financial Management Inc. acquired a new position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 368 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds have also modified their holdings of IVV. Envestnet Asset Management Inc. raised its holdings in iShares Core S&P 500 ETF by 21.3% in the second quarter. Envestnet Asset Management Inc. now owns 36,046,952 shares of the company’s stock valued at $19,725,973,000 after acquiring an additional 6,319,531 shares in the last quarter. JPMorgan Chase & Co. lifted its position in iShares Core S&P 500 ETF by 60.7% in the first quarter. JPMorgan Chase & Co. now owns 20,161,417 shares of the company’s stock valued at $10,599,462,000 after acquiring an additional 7,615,287 shares during the last quarter. Creative Planning boosted its stake in iShares Core S&P 500 ETF by 0.7% in the fourth quarter. Creative Planning now owns 20,109,262 shares of the company’s stock valued at $93,763,000 after acquiring an additional 146,157 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of iShares Core S&P 500 ETF by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 13,683,639 shares of the company’s stock worth $7,488,098,000 after purchasing an additional 237,585 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of iShares Core S&P 500 ETF by 3.2% during the fourth quarter. Royal Bank of Canada now owns 7,446,115 shares of the company’s stock worth $3,556,487,000 after purchasing an additional 228,840 shares in the last quarter.

iShares Core S&P 500 ETF Stock Performance

iShares Core S&P 500 ETF stock opened at $566.06 on Tuesday. The company has a market capitalization of $488.45 billion, a P/E ratio of 25.23 and a beta of 0.99. iShares Core S&P 500 ETF has a fifty-two week low of $411.02 and a fifty-two week high of $568.24. The stock has a 50-day simple moving average of $553.03 and a 200-day simple moving average of $535.79.

iShares Core S&P 500 ETF 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.