Morris Financial Concepts Inc. Grows Stock Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Morris Financial Concepts Inc. increased its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 22.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,072 shares of the company’s stock after buying an additional 10,328 shares during the quarter. iShares Core S&P 500 ETF accounts for 15.4% of Morris Financial Concepts Inc.’s investment portfolio, making the stock its largest holding. Morris Financial Concepts Inc.’s holdings in iShares Core S&P 500 ETF were worth $30,004,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Independence Bank of Kentucky boosted its stake in iShares Core S&P 500 ETF by 0.9% in the first quarter. Independence Bank of Kentucky now owns 2,134 shares of the company’s stock valued at $1,122,000 after acquiring an additional 20 shares during the last quarter. TruWealth Advisors LLC increased its stake in shares of iShares Core S&P 500 ETF by 2.4% in the 4th quarter. TruWealth Advisors LLC now owns 907 shares of the company’s stock worth $433,000 after acquiring an additional 21 shares in the last quarter. Great Waters Wealth Management increased its stake in iShares Core S&P 500 ETF by 1.7% during the 4th quarter. Great Waters Wealth Management now owns 1,326 shares of the company’s stock valued at $625,000 after purchasing an additional 22 shares in the last quarter. TriaGen Wealth Management LLC boosted its holdings in shares of iShares Core S&P 500 ETF by 3.6% in the fourth quarter. TriaGen Wealth Management LLC now owns 629 shares of the company’s stock worth $300,000 after buying an additional 22 shares during the last quarter. Finally, Arista Wealth Management LLC lifted its holdings in iShares Core S&P 500 ETF by 0.4% during the fourth quarter. Arista Wealth Management LLC now owns 6,122 shares of the company’s stock valued at $2,924,000 after purchasing an additional 22 shares in the last quarter.

iShares Core S&P 500 ETF Stock Performance

IVV traded up $1.18 on Monday, hitting $548.41. The company had a trading volume of 3,906,417 shares, compared to its average volume of 5,405,108. iShares Core S&P 500 ETF has a 12-month low of $411.02 and a 12-month high of $553.25. The stock has a market capitalization of $473.22 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99. The stock has a fifty day moving average price of $529.89 and a 200-day moving average price of $510.05.

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.