Miracle Mile Advisors LLC Increases Holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Miracle Mile Advisors LLC raised its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 9.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,161 shares of the company’s stock after purchasing an additional 7,650 shares during the quarter. iShares Core S&P 500 ETF accounts for 1.1% of Miracle Mile Advisors LLC’s portfolio, making the stock its 23rd largest position. Miracle Mile Advisors LLC’s holdings in iShares Core S&P 500 ETF were worth $45,823,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd bought a new position in iShares Core S&P 500 ETF in the 3rd quarter valued at about $4,441,000. Ameriprise Financial Inc. lifted its holdings in shares of iShares Core S&P 500 ETF by 8.9% during the third quarter. Ameriprise Financial Inc. now owns 6,478,533 shares of the company’s stock valued at $2,783,224,000 after purchasing an additional 532,034 shares during the last quarter. Alerus Financial NA lifted its position in shares of iShares Core S&P 500 ETF by 3.3% in the 3rd quarter. Alerus Financial NA now owns 4,972 shares of the company’s stock valued at $2,135,000 after acquiring an additional 161 shares in the last quarter. Laurel Wealth Advisors LLC lifted its holdings in shares of iShares Core S&P 500 ETF by 1.7% in the third quarter. Laurel Wealth Advisors LLC now owns 4,671 shares of the company’s stock valued at $2,005,000 after purchasing an additional 77 shares in the last quarter. Finally, Lakeshore Financial Planning Inc. purchased a new position in iShares Core S&P 500 ETF during the 3rd quarter valued at about $27,343,000.

iShares Core S&P 500 ETF Stock Performance

Shares of NYSEARCA IVV traded up $1.18 during trading hours on Monday, hitting $548.41. The stock had a trading volume of 3,355,669 shares, compared to its average volume of 5,400,702. The firm’s 50-day moving average price is $529.89 and its two-hundred day moving average price is $510.05. iShares Core S&P 500 ETF has a 52 week low of $411.02 and a 52 week high of $553.25. The company has a market capitalization of $473.22 billion, a P/E ratio of 25.23 and a beta of 0.99.

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.