PMG Wealth Management Inc. Takes $2.31 Million Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

PMG Wealth Management Inc. purchased a new stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,927 shares of the company’s stock, valued at approximately $2,312,000. iShares Core S&P 500 ETF comprises about 2.1% of PMG Wealth Management Inc.’s investment portfolio, making the stock its 17th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in shares of iShares Core S&P 500 ETF by 67,668.9% in the 3rd quarter. International Assets Investment Management LLC now owns 10,247,335 shares of the company’s stock valued at $5,910,868,000 after buying an additional 10,232,214 shares during the period. Nisa Investment Advisors LLC purchased a new position in iShares Core S&P 500 ETF in the fourth quarter worth approximately $5,813,061,000. Alberta Investment Management Corp increased its stake in iShares Core S&P 500 ETF by 121.2% during the fourth quarter. Alberta Investment Management Corp now owns 5,660,361 shares of the company’s stock worth $3,332,141,000 after acquiring an additional 3,101,389 shares during the last quarter. MKP Capital Management L.L.C. purchased a new stake in iShares Core S&P 500 ETF in the fourth quarter valued at $1,568,883,000. Finally, JPMorgan Chase & Co. raised its position in iShares Core S&P 500 ETF by 11.7% in the third quarter. JPMorgan Chase & Co. now owns 20,924,985 shares of the company’s stock valued at $12,069,951,000 after purchasing an additional 2,187,803 shares during the period.

iShares Core S&P 500 ETF Trading Down 1.7 %

NYSEARCA IVV opened at $602.87 on Friday. The stock has a fifty day simple moving average of $601.14 and a 200-day simple moving average of $585.52. The stock has a market cap of $520.22 billion, a PE ratio of 25.23 and a beta of 0.99. iShares Core S&P 500 ETF has a twelve month low of $496.30 and a twelve month high of $616.22.

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.