Maridea Wealth Management LLC Makes New Investment in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Maridea Wealth Management LLC acquired a new stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,407 shares of the company’s stock, valued at approximately $5,538,000. iShares Core S&P 500 ETF comprises 1.8% of Maridea Wealth Management LLC’s holdings, making the stock its 11th largest holding.

Several other hedge funds have also recently modified their holdings of IVV. JPMorgan Chase & Co. lifted its stake in iShares Core S&P 500 ETF by 11.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,924,985 shares of the company’s stock worth $12,069,951,000 after purchasing an additional 2,187,803 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of iShares Core S&P 500 ETF by 2.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,123,633 shares of the company’s stock worth $8,902,980,000 after purchasing an additional 338,269 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of iShares Core S&P 500 ETF by 1.3% in the fourth quarter. Bank of New York Mellon Corp now owns 13,904,814 shares of the company’s stock worth $8,185,485,000 after buying an additional 183,962 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in iShares Core S&P 500 ETF by 4.1% during the fourth quarter. Jones Financial Companies Lllp now owns 12,051,651 shares of the company’s stock valued at $7,094,566,000 after buying an additional 476,796 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in iShares Core S&P 500 ETF by 142.1% during the 4th quarter. Prudential Financial Inc. now owns 11,609,297 shares of the company’s stock valued at $6,834,161,000 after buying an additional 6,813,214 shares in the last quarter.

iShares Core S&P 500 ETF Price Performance

Shares of IVV opened at $558.12 on Friday. The stock has a market capitalization of $537.47 billion, a price-to-earnings ratio of 24.98 and a beta of 1.01. iShares Core S&P 500 ETF has a 1 year low of $496.30 and a 1 year high of $616.22. The business’s 50 day simple moving average is $591.49 and its 200-day simple moving average is $589.45.

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.