Pictet Asset Management Holding SA Buys New Stake in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Pictet Asset Management Holding SA purchased a new position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 128,792 shares of the company’s stock, valued at approximately $75,817,000.

Other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new stake in shares of iShares Core S&P 500 ETF in the 4th quarter worth about $5,813,061,000. Wealthfront Advisers LLC grew its stake in iShares Core S&P 500 ETF by 553,404.4% during the fourth quarter. Wealthfront Advisers LLC now owns 8,535,038 shares of the company’s stock worth $5,024,406,000 after buying an additional 8,533,496 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of iShares Core S&P 500 ETF by 40,255.6% during the fourth quarter. Proficio Capital Partners LLC now owns 8,128,820 shares of the company’s stock worth $4,785,274,000 after buying an additional 8,108,677 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of iShares Core S&P 500 ETF by 142.1% in the fourth quarter. Prudential Financial Inc. now owns 11,609,297 shares of the company’s stock valued at $6,834,161,000 after acquiring an additional 6,813,214 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of iShares Core S&P 500 ETF in the 4th quarter worth approximately $2,428,403,000.

iShares Core S&P 500 ETF Price Performance

IVV stock opened at $558.12 on Friday. The business has a fifty day moving average price of $591.49 and a 200 day moving average price of $589.71. iShares Core S&P 500 ETF has a fifty-two week low of $496.30 and a fifty-two week high of $616.22. The stock has a market capitalization of $537.47 billion, a price-to-earnings ratio of 24.98 and a beta of 1.01.

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.