Sovran Advisors LLC Makes New $37.48 Million Investment in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Sovran Advisors LLC purchased a new stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) during the 4th quarter, HoldingsChannel reports. The fund purchased 64,068 shares of the company’s stock, valued at approximately $37,479,000. iShares Core S&P 500 ETF accounts for 5.3% of Sovran Advisors LLC’s holdings, making the stock its biggest position.

Other institutional investors also recently modified their holdings of the company. Compass Ion Advisors LLC lifted its holdings in iShares Core S&P 500 ETF by 27.5% during the 3rd quarter. Compass Ion Advisors LLC now owns 10,567 shares of the company’s stock worth $6,096,000 after purchasing an additional 2,278 shares in the last quarter. Bluesphere Advisors LLC increased its position in shares of iShares Core S&P 500 ETF by 1.8% during the third quarter. Bluesphere Advisors LLC now owns 77,786 shares of the company’s stock valued at $44,869,000 after buying an additional 1,405 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of iShares Core S&P 500 ETF by 35.9% in the third quarter. Daiwa Securities Group Inc. now owns 360,213 shares of the company’s stock worth $207,778,000 after buying an additional 95,234 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of iShares Core S&P 500 ETF by 23.3% in the third quarter. Fifth Third Wealth Advisors LLC now owns 357,365 shares of the company’s stock valued at $206,135,000 after acquiring an additional 67,472 shares during the period. Finally, Trinity Wealth Management LLC grew its stake in iShares Core S&P 500 ETF by 5.0% during the third quarter. Trinity Wealth Management LLC now owns 1,738 shares of the company’s stock valued at $1,003,000 after acquiring an additional 83 shares in the last quarter.

iShares Core S&P 500 ETF Trading Down 0.3 %

iShares Core S&P 500 ETF stock opened at $606.21 on Thursday. The firm’s 50 day simple moving average is $600.72 and its 200 day simple moving average is $582.19. iShares Core S&P 500 ETF has a 1-year low of $493.07 and a 1-year high of $613.79. The firm has a market capitalization of $523.10 billion, a PE ratio of 25.23 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.