Sunbeam Capital Management LLC Invests $16.73 Million in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Sunbeam Capital Management LLC purchased a new stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 28,424 shares of the company’s stock, valued at approximately $16,733,000. iShares Core S&P 500 ETF makes up 15.5% of Sunbeam Capital Management LLC’s investment portfolio, making the stock its biggest holding.

A number of other institutional investors have also recently made changes to their positions in IVV. Marshall Wace LLP increased its position in iShares Core S&P 500 ETF by 1.9% during the fourth quarter. Marshall Wace LLP now owns 23,607,000 shares of the company’s stock worth $13,896,969,000 after buying an additional 446,000 shares in the last quarter. JPMorgan Chase & Co. grew its position in iShares Core S&P 500 ETF by 11.7% in the third quarter. JPMorgan Chase & Co. now owns 20,924,985 shares of the company’s stock worth $12,069,951,000 after buying an additional 2,187,803 shares during the last quarter. Wells Fargo & Company MN raised its position in iShares Core S&P 500 ETF by 11.8% during the fourth quarter. Wells Fargo & Company MN now owns 17,852,125 shares of the company’s stock valued at $10,509,189,000 after buying an additional 1,885,907 shares during the period. 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 valued at $8,902,980,000 after buying an additional 338,269 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in iShares Core S&P 500 ETF by 1.3% in the 4th 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 period.

iShares Core S&P 500 ETF Stock Up 0.7 %

Shares of IVV opened at $553.19 on Friday. The stock’s fifty day simple moving average is $559.24 and its 200-day simple moving average is $583.93. iShares Core S&P 500 ETF has a 12-month low of $484.00 and a 12-month high of $616.22. The firm has a market capitalization of $558.72 billion, a PE ratio of 23.43 and a beta of 1.01.

iShares Core S&P 500 ETF Company 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.