NRI Wealth Management LC Acquires $35.40 Million Stake in iShares Core S&P 500 ETF (NYSEARCA:IVV)

NRI Wealth Management LC has made a significant investment in the iShares Core S&P 500 ETF (NYSEARCA:IVV) during the fourth quarter, according to recent reports from Holdings Channel.com. The institutional investor purchased a total of 60,131 shares of this ETF, amounting to an investment of approximately $35,398,000. Following this acquisition, the iShares Core S&P 500 ETF now constitutes around 24.4% of NRI Wealth Management LC’s portfolio, establishing it as the company's largest position.

Other institutional investors have also adjusted their holdings in the iShares Core S&P 500 ETF. Safe Harbor Fiduciary LLC initiated a new stake valued at around $33,000 in the third quarter. Meanwhile, Cedar Wealth Management LLC increased its position in the ETF by an impressive 139.3% during the same period, securing a total of 67 shares now valued at $39,000 after acquiring an additional 39 shares. Kennebec Savings Bank likewise purchased a new stake in the ETF worth $40,000. Additionally, Brooklyn Investment Group and Peterson Financial Group Inc. also entered the market by obtaining new stakes valued at $42,000 and $46,000 respectively during the third quarter.

Recent Price Performance of iShares Core S&P 500 ETF

As of the latest trading session on Friday, the shares of NYSEARCA IVV opened at $587.45. The ETF has demonstrated a 50-day moving average price of $596.41 and a 200-day moving average price of $572.46. With a market capitalization currently standing at $506.91 billion, the ETF exhibits a P/E ratio of 25.23 and a beta of 0.99. Over the past year, the iShares Core S&P 500 ETF has reached a low of $468.65 and a peak of $612.09.

Overview of iShares Core S&P 500 ETF

The iShares Core S&P 500 ETF is an exchange-traded fund that aims to achieve investment results that correspond closely to the price and yield performance of the Standard & Poor’s 500 Index. This index is designed to reflect the performance of the large-capitalization segment of the U.S. equity market.

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If you are interested in tracking what other hedge funds are holding in IVV, consider visiting resources that provide the latest 13F filings and insider trading information regarding the iShares Core S&P 500 ETF.

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investment, ETF, portfolio