Freedom Investment Management Inc. Grows Stake in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Freedom Investment Management Inc. increased its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 51.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,965 shares of the company’s stock after purchasing an additional 1,678 shares during the period. Freedom Investment Management Inc.’s holdings in iShares Core S&P 500 ETF were worth $2,864,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IVV. Cynosure Group LLC increased its holdings in iShares Core S&P 500 ETF by 6.6% in the 3rd quarter. Cynosure Group LLC now owns 47,821 shares of the company’s stock valued at $27,584,000 after acquiring an additional 2,959 shares during the last quarter. Townsquare Capital LLC increased its holdings in shares of iShares Core S&P 500 ETF by 7.0% in the third quarter. Townsquare Capital LLC now owns 144,872 shares of the company’s stock worth $83,565,000 after purchasing an additional 9,492 shares during the last quarter. Cadence Bank purchased a new stake in shares of iShares Core S&P 500 ETF in the third quarter worth about $2,190,000. Carlson Capital Management bought a new position in iShares Core S&P 500 ETF during the third quarter valued at approximately $479,000. Finally, Transamerica Financial Advisors Inc. purchased a new position in iShares Core S&P 500 ETF during the 3rd quarter valued at approximately $7,221,000.

iShares Core S&P 500 ETF Price Performance

NYSEARCA:IVV opened at $603.76 on Wednesday. The company has a market cap of $520.98 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99. iShares Core S&P 500 ETF has a 1 year low of $455.41 and a 1 year high of $604.28. The stock’s 50 day simple moving average is $583.74 and its two-hundred day simple moving average is $560.17.

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.