Kovack Advisors Inc. Has $77.91 Million Holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Kovack Advisors Inc. lowered its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 15.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 148,195 shares of the company’s stock after selling 27,706 shares during the period. iShares Core S&P 500 ETF comprises about 9.4% of Kovack Advisors Inc.’s investment portfolio, making the stock its biggest holding. Kovack Advisors Inc.’s holdings in iShares Core S&P 500 ETF were worth $77,911,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Apollon Wealth Management LLC grew its holdings in iShares Core S&P 500 ETF by 16.0% during the fourth quarter. Apollon Wealth Management LLC now owns 92,727 shares of the company’s stock valued at $44,289,000 after purchasing an additional 12,771 shares during the period. Arvest Investments Inc. bought a new stake in iShares Core S&P 500 ETF during the fourth quarter valued at about $21,775,000. Stewardship Advisors LLC grew its holdings in iShares Core S&P 500 ETF by 33.2% during the fourth quarter. Stewardship Advisors LLC now owns 84,068 shares of the company’s stock valued at $40,154,000 after purchasing an additional 20,951 shares during the period. Commerce Bank lifted its position in shares of iShares Core S&P 500 ETF by 1.0% in the fourth quarter. Commerce Bank now owns 229,156 shares of the company’s stock valued at $109,452,000 after acquiring an additional 2,285 shares in the last quarter. Finally, Family Asset Management LLC lifted its position in shares of iShares Core S&P 500 ETF by 0.9% in the fourth quarter. Family Asset Management LLC now owns 3,040 shares of the company’s stock valued at $1,452,000 after acquiring an additional 27 shares in the last quarter.

iShares Core S&P 500 ETF Stock Up 0.4 %

Shares of iShares Core S&P 500 ETF stock opened at $554.33 on Friday. The stock’s 50-day simple moving average is $532.62 and its 200-day simple moving average is $511.42. iShares Core S&P 500 ETF has a 52 week low of $411.02 and a 52 week high of $554.81. The company has a market capitalization of $478.33 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99.

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.