Cranbrook Wealth Management LLC Has $44.27 Million Stock Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Cranbrook Wealth Management LLC grew its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 4.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 80,905 shares of the company’s stock after buying an additional 3,303 shares during the quarter. iShares Core S&P 500 ETF makes up approximately 10.9% of Cranbrook Wealth Management LLC’s portfolio, making the stock its largest position. Cranbrook Wealth Management LLC’s holdings in iShares Core S&P 500 ETF were worth $44,274,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of IVV. Burkett Financial Services LLC bought a new position in shares of iShares Core S&P 500 ETF in the fourth quarter worth $31,000. 1620 Investment Advisors Inc. bought a new stake in shares of iShares Core S&P 500 ETF during the 2nd quarter worth approximately $36,000. Thompson Investment Management Inc. acquired a new stake in shares of iShares Core S&P 500 ETF during the 1st quarter worth approximately $37,000. Covestor Ltd boosted its holdings in shares of iShares Core S&P 500 ETF by 321.1% in the 1st quarter. Covestor Ltd now owns 80 shares of the company’s stock valued at $42,000 after purchasing an additional 61 shares in the last quarter. Finally, Ables Iannone Moore & Associates Inc. bought a new position in shares of iShares Core S&P 500 ETF in the 4th quarter valued at $44,000.

iShares Core S&P 500 ETF Stock Performance

iShares Core S&P 500 ETF stock opened at $566.06 on Tuesday. The stock has a fifty day moving average of $553.03 and a 200-day moving average of $535.79. iShares Core S&P 500 ETF has a 52 week low of $411.02 and a 52 week high of $568.24. The stock has a market capitalization of $488.45 billion, a P/E ratio of 25.23 and a beta of 0.99.

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.