Tepp RIA LLC Invests $18.63 Million in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Tepp RIA LLC bought a new stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) in the 4th quarter, HoldingsChannel reports. The firm bought 31,647 shares of the company’s stock, valued at approximately $18,630,000. iShares Core S&P 500 ETF accounts for about 27.6% of Tepp RIA LLC’s holdings, making the stock its largest position.

A number of other large investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in shares of iShares Core S&P 500 ETF by 11.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,924,985 shares of the company’s stock worth $12,069,951,000 after acquiring an additional 2,187,803 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of iShares Core S&P 500 ETF by 2.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,123,633 shares of the company’s stock valued at $8,902,980,000 after purchasing an additional 338,269 shares during the period. Bank of New York Mellon Corp increased its stake 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 worth $8,185,485,000 after purchasing an additional 183,962 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in iShares Core S&P 500 ETF by 4.1% during the 4th quarter. Jones Financial Companies Lllp now owns 12,051,651 shares of the company’s stock worth $7,094,566,000 after buying an additional 476,796 shares during the period. Finally, Prudential Financial Inc. lifted its stake in iShares Core S&P 500 ETF by 142.1% during the fourth quarter. Prudential Financial Inc. now owns 11,609,297 shares of the company’s stock valued at $6,834,161,000 after buying an additional 6,813,214 shares in the last quarter.

iShares Core S&P 500 ETF Price Performance

iShares Core S&P 500 ETF stock opened at $569.62 on Friday. iShares Core S&P 500 ETF has a fifty-two week low of $496.30 and a fifty-two week high of $616.22. The firm’s 50 day simple moving average is $592.33 and its 200-day simple moving average is $589.39. The company has a market cap of $548.54 billion, a P/E ratio of 24.98 and a beta of 1.01.

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.