Ropes Wealth Advisors LLC Boosts Stake in iShares S&P 500 ETF (NYSEARCA:IVV)

Ropes Wealth Advisors LLC raised its position in iShares S&P 500 ETF (NYSEARCA:IVV) by 0.8% during the first quarter, Holdings Channel reports. The fund owned 52,783 shares of the company’s stock after acquiring an additional 422 shares during the period. iShares S&P 500 ETF comprises approximately 3.9% of Ropes Wealth Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Ropes Wealth Advisors LLC’s holdings in iShares S&P 500 ETF were worth $21,951,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Greenwich Wealth Management LLC lifted its position in iShares S&P 500 ETF by 1.7% during the 1st quarter. Greenwich Wealth Management LLC now owns 1,537 shares of the company’s stock worth $611,000 after acquiring an additional 26 shares during the period. Boston Financial Mangement LLC lifted its holdings in shares of iShares S&P 500 ETF by 3.1% in the 1st quarter. Boston Financial Mangement LLC now owns 876 shares of the company’s stock valued at $348,000 after buying an additional 26 shares during the period. Meeder Asset Management Inc. lifted its holdings in shares of iShares S&P 500 ETF by 9.5% in the 4th quarter. Meeder Asset Management Inc. now owns 311 shares of the company’s stock valued at $117,000 after buying an additional 27 shares during the period. Shilanski & Associates Inc. lifted its holdings in shares of iShares S&P 500 ETF by 1.0% in the 1st quarter. Shilanski & Associates Inc. now owns 2,733 shares of the company’s stock valued at $1,087,000 after buying an additional 27 shares during the period. Finally, Raub Brock Capital Management LP lifted its holdings in shares of iShares S&P 500 ETF by 4.8% in the 1st quarter. Raub Brock Capital Management LP now owns 595 shares of the company’s stock valued at $237,000 after buying an additional 27 shares during the period.

Shares of IVV stock traded up $0.24 on Friday, hitting $424.28. The company had a trading volume of 45,817 shares, compared to its average volume of 4,393,161. The company’s 50-day simple moving average is $417.20. iShares S&P 500 ETF has a twelve month low of $296.49 and a twelve month high of $425.04.

About iShares 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.

Further Reading: Diversification Important in Investing

Want to see what other hedge funds are holding IVV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P 500 ETF (NYSEARCA:IVV).

Institutional Ownership by Quarter for iShares S&P 500 ETF (NYSEARCA:IVV)

Receive News & Ratings for iShares S&P 500 ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares S&P 500 ETF and related companies with MarketBeat.com's FREE daily email newsletter.