Potomac Fund Management Inc. ADV Makes New $1.36 Million Investment in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Potomac Fund Management Inc. ADV bought a new stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,312 shares of the company’s stock, valued at approximately $1,361,000. iShares Core S&P 500 ETF comprises 1.2% of Potomac Fund Management Inc. ADV’s holdings, making the stock its 19th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of IVV. Arvest Bank Trust Division purchased a new position in iShares Core S&P 500 ETF during the third quarter worth approximately $102,003,000. United Bank raised its holdings in shares of iShares Core S&P 500 ETF by 22.2% during the 3rd quarter. United Bank now owns 1,079 shares of the company’s stock worth $622,000 after acquiring an additional 196 shares during the period. Hilltop Holdings Inc. boosted its position in shares of iShares Core S&P 500 ETF by 7.6% during the 3rd quarter. Hilltop Holdings Inc. now owns 4,457 shares of the company’s stock valued at $2,571,000 after acquiring an additional 316 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of iShares Core S&P 500 ETF by 1.7% in the third quarter. HighTower Advisors LLC now owns 2,281,537 shares of the company’s stock valued at $1,315,964,000 after purchasing an additional 38,889 shares during the period. Finally, Harmony Asset Management LLC increased its position in iShares Core S&P 500 ETF by 10.5% during the third quarter. Harmony Asset Management LLC now owns 608 shares of the company’s stock worth $351,000 after purchasing an additional 58 shares during the last quarter.

iShares Core S&P 500 ETF Price Performance

Shares of IVV stock opened at $563.78 on Wednesday. The company has a market capitalization of $580.69 billion, a PE ratio of 24.79 and a beta of 1.01. The firm’s 50-day moving average is $589.88 and its two-hundred day moving average is $589.93. iShares Core S&P 500 ETF has a 12 month low of $496.30 and a 12 month high of $616.22.

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.