Magnolia Capital Advisors LLC purchased a new stake in iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 157,932 shares of the company’s stock, valued at approximately $86,425,000. iShares Core S&P 500 ETF accounts for about 3.0% of Magnolia Capital Advisors LLC’s investment portfolio, making the stock its 9th largest holding.
Several other institutional investors have also modified their holdings of the stock. Proffitt & Goodson Inc. raised its holdings in shares of iShares Core S&P 500 ETF by 21.2% in the 2nd quarter. Proffitt & Goodson Inc. now owns 103 shares of the company’s stock worth $56,000 after purchasing an additional 18 shares during the period. Global Trust Asset Management LLC boosted its holdings in iShares Core S&P 500 ETF by 5.3% in the second quarter. Global Trust Asset Management LLC now owns 379 shares of the company’s stock valued at $207,000 after purchasing an additional 19 shares during the last quarter. Independence Bank of Kentucky boosted its stake in shares of iShares Core S&P 500 ETF by 0.9% during the 1st quarter. Independence Bank of Kentucky now owns 2,134 shares of the company’s stock valued at $1,122,000 after buying an additional 20 shares during the last quarter. Unionview LLC boosted its stake in iShares Core S&P 500 ETF by 0.6% during the 1st quarter. Unionview LLC now owns 3,293 shares of the company’s stock valued at $1,731,000 after acquiring an additional 20 shares during the last quarter. Finally, MTM Investment Management LLC grew its stake in iShares Core S&P 500 ETF by 6.9% in the second quarter. MTM Investment Management LLC now owns 308 shares of the company’s stock worth $169,000 after purchasing an additional 20 shares in the last quarter.
iShares Core S&P 500 ETF Trading Down 0.2 %
Shares of IVV opened at $574.07 on Friday. iShares Core S&P 500 ETF has a 52 week low of $411.02 and a 52 week high of $577.47. The stock has a 50 day moving average of $555.13 and a 200-day moving average of $539.27. The firm has a market cap of $495.37 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99.
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.
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