iShares S&P 500 Index (IVV) Stake Raised by Kovack Advisors Inc.

Kovack Advisors Inc. grew its stake in shares of iShares S&P 500 Index (NYSEARCA:IVV) by 11.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 17,543 shares of the company’s stock after acquiring an additional 1,756 shares during the period. iShares S&P 500 Index comprises 1.2% of Kovack Advisors Inc.’s portfolio, making the stock its 10th biggest holding. Kovack Advisors Inc.’s holdings in iShares S&P 500 Index were worth $4,655,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Taylor Hoffman Wealth Management increased its position in shares of iShares S&P 500 Index by 425.0% in the first quarter. Taylor Hoffman Wealth Management now owns 378 shares of the company’s stock worth $100,000 after purchasing an additional 306 shares during the last quarter. Prime Capital Investment Advisors LLC bought a new position in shares of iShares S&P 500 Index in the fourth quarter worth approximately $170,000. SeaCrest Wealth Management LLC bought a new position in shares of iShares S&P 500 Index in the fourth quarter worth approximately $180,000. WealthTrust Fairport LLC bought a new position in shares of iShares S&P 500 Index in the fourth quarter worth approximately $201,000. Finally, HC Financial Advisors Inc. bought a new position in shares of iShares S&P 500 Index in the fourth quarter worth approximately $202,000.

iShares S&P 500 Index opened at $279.92 on Thursday, MarketBeat Ratings reports. iShares S&P 500 Index has a 1-year low of $241.58 and a 1-year high of $288.69.

iShares S&P 500 Index 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.

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 Index (NYSEARCA:IVV).

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

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