Cornerstone Advisors LLC Buys Shares of 14,300 iShares Core S&P 500 ETF (NYSEARCA:IVV)

Cornerstone Advisors LLC purchased a new position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,300 shares of the company’s stock, valued at approximately $8,249,000.

A number of other large investors also recently bought and sold shares of IVV. 1620 Investment Advisors Inc. purchased a new stake in shares of iShares Core S&P 500 ETF during the second quarter valued at about $36,000. Cedar Wealth Management LLC grew its position in shares of iShares Core S&P 500 ETF by 139.3% in the third quarter. Cedar Wealth Management LLC now owns 67 shares of the company’s stock valued at $39,000 after purchasing an additional 39 shares in the last quarter. Kennebec Savings Bank acquired a new stake in iShares Core S&P 500 ETF during the third quarter worth $40,000. Covestor Ltd grew its stake in shares of iShares Core S&P 500 ETF by 321.1% in the first quarter. Covestor Ltd now owns 80 shares of the company’s stock valued at $42,000 after buying an additional 61 shares in the last quarter. Finally, Peterson Financial Group Inc. purchased a new position in iShares Core S&P 500 ETF in the third quarter valued at $46,000.

iShares Core S&P 500 ETF Stock Performance

NYSEARCA:IVV opened at $593.44 on Thursday. The stock has a 50-day simple moving average of $580.94 and a 200-day simple moving average of $557.68. The stock has a market cap of $512.08 billion, a P/E ratio of 25.23 and a beta of 0.99. iShares Core S&P 500 ETF has a 1 year low of $454.06 and a 1 year high of $603.09.

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.