OLD Point Trust & Financial Services N A Takes Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

OLD Point Trust & Financial Services N A bought a new position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 517 shares of the company’s stock, valued at approximately $304,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 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, Nisa Investment Advisors LLC purchased a new stake in iShares Core S&P 500 ETF during the fourth quarter valued at about $5,813,061,000.

iShares Core S&P 500 ETF Price Performance

Shares of IVV opened at $568.01 on Thursday. The company has a 50-day moving average of $594.45 and a two-hundred day moving average of $588.91. The stock has a market cap of $546.99 billion, a price-to-earnings ratio of 24.98 and a beta of 1.01. iShares Core S&P 500 ETF has a one year low of $496.30 and a one year high of $616.22.

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.