Arbor Wealth Advisors LLC Takes $1.43 Million Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Arbor Wealth Advisors LLC purchased a new position in iShares Core S&P 500 ETF (NYSEARCA:IVV) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,989 shares of the company’s stock, valued at approximately $1,428,000. iShares Core S&P 500 ETF makes up about 1.5% of Arbor Wealth Advisors LLC’s holdings, making the stock its 15th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Eukles Asset Management grew its stake in iShares Core S&P 500 ETF by 126.9% in the fourth quarter. Eukles Asset Management now owns 59 shares of the company’s stock worth $28,000 after purchasing an additional 33 shares during the period. Horizon Bancorp Inc. IN purchased a new stake in shares of iShares Core S&P 500 ETF in the 3rd quarter worth about $40,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of iShares Core S&P 500 ETF in the 3rd quarter worth about $41,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in iShares Core S&P 500 ETF during the 3rd quarter valued at about $62,000. Finally, Your Advocates Ltd. LLP boosted its stake in iShares Core S&P 500 ETF by 280.5% during the third quarter. Your Advocates Ltd. LLP now owns 156 shares of the company’s stock worth $67,000 after acquiring an additional 115 shares in the last quarter.

iShares Core S&P 500 ETF Trading Up 1.2 %

IVV traded up $5.93 during midday trading on Tuesday, reaching $508.05. The company’s stock had a trading volume of 4,221,425 shares, compared to its average volume of 5,913,192. iShares Core S&P 500 ETF has a 1 year low of $405.54 and a 1 year high of $527.16. The stock’s 50-day moving average is $513.72 and its 200-day moving average is $480.45. The firm has a market capitalization of $435.20 billion, a price-to-earnings ratio of 25.43 and a beta of 0.99.

iShares Core S&P 500 ETF 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.