iShares Core S&P 500 ETF (NYSEARCA:IVV) Shares Bought by Kovack Advisors Inc.

Kovack Advisors Inc. raised its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 9.2% in the fourth quarter, HoldingsChannel reports. The fund owned 175,901 shares of the company’s stock after purchasing an additional 14,788 shares during the period. iShares Core S&P 500 ETF accounts for approximately 10.0% of Kovack Advisors Inc.’s investment portfolio, making the stock its largest holding. Kovack Advisors Inc.’s holdings in iShares Core S&P 500 ETF were worth $84,016,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Hartford Investment Management Co. purchased a new stake in shares of iShares Core S&P 500 ETF during the third quarter worth approximately $380,000. Hanlon Investment Management Inc. increased its position in shares of iShares Core S&P 500 ETF by 13.5% during the third quarter. Hanlon Investment Management Inc. now owns 13,136 shares of the company’s stock worth $5,641,000 after purchasing an additional 1,559 shares in the last quarter. Marion Wealth Management increased its position in shares of iShares Core S&P 500 ETF by 43.2% during the third quarter. Marion Wealth Management now owns 1,970 shares of the company’s stock worth $846,000 after purchasing an additional 594 shares in the last quarter. Epiq Partners LLC increased its position in shares of iShares Core S&P 500 ETF by 9.1% during the third quarter. Epiq Partners LLC now owns 816 shares of the company’s stock worth $350,000 after purchasing an additional 68 shares in the last quarter. Finally, Liberty Capital Management Inc. increased its position in shares of iShares Core S&P 500 ETF by 8.9% during the third quarter. Liberty Capital Management Inc. now owns 6,589 shares of the company’s stock worth $2,830,000 after purchasing an additional 539 shares in the last quarter.

iShares Core S&P 500 ETF Stock Performance

Shares of IVV traded up $4.95 during trading hours on Friday, hitting $510.77. 4,026,729 shares of the stock were exchanged, compared to its average volume of 5,844,797. iShares Core S&P 500 ETF has a 12-month low of $405.54 and a 12-month high of $527.16. The company has a market cap of $437.53 billion, a price-to-earnings ratio of 25.43 and a beta of 0.99. The stock’s 50-day moving average price is $514.07 and its two-hundred day moving average price is $481.35.

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.