Cornerstone Partners Capital Management LLC Acquires 1,332,249 Shares of iShares S&P 500 ETF (NYSEARCA:IVV)

Cornerstone Partners Capital Management LLC lifted its stake in shares of iShares S&P 500 ETF (NYSEARCA:IVV – Get Rating) by 205.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,980,187 shares of the company’s stock after acquiring an additional 1,332,249 shares during the period. iShares S&P 500 ETF accounts for approximately 60.7% of Cornerstone Partners Capital Management LLC’s portfolio, making the stock its biggest position. Cornerstone Partners Capital Management LLC’s holdings in iShares S&P 500 ETF were worth $898,391,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IVV. California Public Employees Retirement System purchased a new stake in iShares S&P 500 ETF in the 4th quarter valued at about $3,187,247,000. BlackRock Inc. lifted its holdings in iShares S&P 500 ETF by 9.4% during the 4th quarter. BlackRock Inc. now owns 70,277,629 shares of the company’s stock worth $33,521,726,000 after buying an additional 6,052,912 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in iShares S&P 500 ETF by 21.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 29,022,105 shares of the company’s stock worth $13,167,039,000 after buying an additional 5,158,468 shares in the last quarter. Millennium Management LLC raised its holdings in shares of iShares S&P 500 ETF by 10,280.2% in the 4th quarter. Millennium Management LLC now owns 3,033,080 shares of the company’s stock valued at $1,446,749,000 after purchasing an additional 3,003,860 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new stake in shares of iShares S&P 500 ETF in the 4th quarter valued at $1,020,759,000.

iShares S&P 500 ETF Price Performance

Shares of IVV traded down $0.73 during midday trading on Friday, reaching $415.59. The stock had a trading volume of 2,971,294 shares, compared to its average volume of 7,187,645. iShares S&P 500 ETF has a 1-year low of $364.03 and a 1-year high of $482.07. The company’s fifty day simple moving average is $393.95 and its two-hundred day simple moving average is $419.88.

iShares S&P 500 ETF Profile

(Get Rating)

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.