Sierra Ocean LLC Makes New Investment in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Sierra Ocean LLC purchased a new position in iShares Core S&P 500 ETF (NYSEARCA:IVV) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,679 shares of the company’s stock, valued at approximately $1,577,000. iShares Core S&P 500 ETF comprises about 1.3% of Sierra Ocean LLC’s investment portfolio, making the stock its 15th largest position.

A number of other hedge funds have also recently modified their holdings of IVV. International Assets Investment Management LLC increased its position in shares of iShares Core S&P 500 ETF by 67,668.9% in the third quarter. International Assets Investment Management LLC now owns 10,247,335 shares of the company’s stock valued at $5,910,868,000 after acquiring an additional 10,232,214 shares during the period. Nisa Investment Advisors LLC purchased a new position in shares of iShares Core S&P 500 ETF in the fourth quarter valued at about $5,813,061,000. MKP Capital Management L.L.C. purchased a new position in shares of iShares Core S&P 500 ETF in the fourth quarter valued at about $1,568,883,000. JPMorgan Chase & Co. increased its position in shares of 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 valued at $12,069,951,000 after acquiring an additional 2,187,803 shares during the period. Finally, Strategic Financial Concepts LLC increased its position in shares of iShares Core S&P 500 ETF by 57,207.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 2,048,157 shares of the company’s stock valued at $1,205,709,000 after buying an additional 2,044,583 shares during the period.

iShares Core S&P 500 ETF Price Performance

Shares of NYSEARCA IVV opened at $612.68 on Tuesday. iShares Core S&P 500 ETF has a 1 year low of $495.94 and a 1 year high of $613.93. The company’s 50-day moving average is $600.72 and its 200 day moving average is $583.50. The stock has a market capitalization of $528.68 billion, a P/E ratio of 25.23 and a beta of 0.99.

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.