Rialto Wealth Management LLC Makes New Investment in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Rialto Wealth Management LLC acquired a new stake in iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 14,319 shares of the company’s stock, valued at approximately $8,429,000. iShares Core S&P 500 ETF accounts for about 2.8% of Rialto Wealth Management LLC’s portfolio, making the stock its 8th biggest position.

A number of other institutional investors have also made changes to their positions in IVV. JPMorgan Chase & Co. increased its stake in iShares Core S&P 500 ETF by 11.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,924,985 shares of the company’s stock valued at $12,069,951,000 after buying an additional 2,187,803 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in iShares Core S&P 500 ETF by 2.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 15,123,633 shares of the company’s stock worth $8,902,980,000 after acquiring an additional 338,269 shares in the last quarter. Bank of New York Mellon Corp boosted its position in iShares Core S&P 500 ETF by 1.3% during the fourth quarter. Bank of New York Mellon Corp now owns 13,904,814 shares of the company’s stock valued at $8,185,485,000 after purchasing an additional 183,962 shares during the last quarter. Jones Financial Companies Lllp grew its stake in iShares Core S&P 500 ETF by 4.1% in the fourth quarter. Jones Financial Companies Lllp now owns 12,051,651 shares of the company’s stock valued at $7,094,566,000 after purchasing an additional 476,796 shares in the last quarter. Finally, Nisa Investment Advisors LLC acquired a new position in shares of iShares Core S&P 500 ETF during the 4th quarter worth approximately $5,813,061,000.

iShares Core S&P 500 ETF Stock Up 0.5 %

Shares of iShares Core S&P 500 ETF stock opened at $578.51 on Friday. The stock has a market cap of $575.41 billion, a P/E ratio of 26.66 and a beta of 1.01. iShares Core S&P 500 ETF has a 12-month low of $496.30 and a 12-month high of $616.22. The business’s 50 day moving average is $599.05 and its 200-day moving average is $588.75.

About iShares Core S&P 500 ETF

(Free Report)

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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