NRI Wealth Management LC Invests $35.40 Million in iShares Core S&P 500 ETF (NYSEARCA:IVV)

NRI Wealth Management LC has recently acquired a significant new stake in the iShares Core S&P 500 ETF, trading under the symbol NYSEARCA:IVV. According to reports from Holdings Channel.com, this institutional investor purchased a total of 60,131 shares of the ETF in the fourth quarter, with a total investment amounting to approximately $35,398,000. This investment represents about 24.4% of NRI Wealth Management LC’s overall portfolio, making it the largest position within their holdings.

In addition to NRI Wealth Management LC, other institutional investors have also taken action regarding their stakes in the iShares Core S&P 500 ETF. In the third quarter, Safe Harbor Fiduciary LLC entered the scene by acquiring a new stake valued at around $33,000. Furthermore, Cedar Wealth Management LLC increased its position by an impressive 139.3% during the same quarter. After acquiring an additional 39 shares, Cedar Wealth Management now holds 67 shares valued at about $39,000.

Additionally, Kennebec Savings Bank added a new stake during the third quarter worth $40,000, while Brooklyn Investment Group made a new investment in the ETF valued at $42,000. Finally, Peterson Financial Group Inc. also entered with a new position valued at $46,000 during the third quarter.

Performance of iShares Core S&P 500 ETF

On Friday, shares of the iShares Core S&P 500 ETF (IVV) opened at $587.45. The ETF displays a 50-day moving average price of $596.41 and a 200-day moving average price of $572.46. With a market capitalization of approximately $506.91 billion, the ETF maintains a price-to-earnings ratio of 25.23 and a beta of 0.99. Over the past year, the ETF has experienced a low of $468.65 and a high of $612.09.

About iShares Core S&P 500 ETF

The iShares Core S&P 500 ETF is an exchange-traded fund that aims to track the performance of the Standard & Poor’s 500 Index. This Index includes companies representing the large-cap sector of the United States equity market, providing a benchmark for the overall market's performance.

Additional Information

If you're looking for insights into other hedge funds that hold positions in the iShares Core S&P 500 ETF, be sure to check for the latest 13F filings and insider trades related to this ETF.

NRI, Investment, ETF