Sheets Smith Wealth Management grew its position in shares of iShares S&P 500 Index (NYSEARCA:IVV) by 3.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 35,821 shares of the company’s stock after buying an additional 1,256 shares during the quarter. iShares S&P 500 Index accounts for approximately 2.3% of Sheets Smith Wealth Management’s investment portfolio, making the stock its 3rd largest holding. Sheets Smith Wealth Management’s holdings in iShares S&P 500 Index were worth $9,630,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of IVV. Polianta Ltd bought a new stake in shares of iShares S&P 500 Index during the fourth quarter valued at approximately $5,538,000. First Financial Bank Trust Division grew its stake in shares of iShares S&P 500 Index by 15.8% during the fourth quarter. First Financial Bank Trust Division now owns 4,777 shares of the company’s stock valued at $1,284,000 after purchasing an additional 653 shares during the last quarter. Stock Yards Bank & Trust Co. grew its stake in shares of iShares S&P 500 Index by 3.4% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 21,406 shares of the company’s stock valued at $5,755,000 after purchasing an additional 711 shares during the last quarter. Country Club Trust Company n.a. grew its stake in shares of iShares S&P 500 Index by 39.7% during the fourth quarter. Country Club Trust Company n.a. now owns 13,787 shares of the company’s stock valued at $3,707,000 after purchasing an additional 3,919 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX grew its stake in shares of iShares S&P 500 Index by 33.8% during the fourth quarter. Exxonmobil Investment Management Inc. TX now owns 74,895 shares of the company’s stock valued at $20,136,000 after purchasing an additional 18,900 shares during the last quarter.

iShares S&P 500 Index (NYSEARCA:IVV) traded up $1.82 on Friday, hitting $279.91. 4,499,626 shares of the stock traded hands, compared to its average volume of 4,151,589. iShares S&P 500 Index has a twelve month low of $226.66 and a twelve month high of $280.15. The company has a market capitalization of $150,780.00 and a PE ratio of 12.39.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Wednesday, December 20th were paid a dividend of $1.2727 per share. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $5.09 annualized dividend and a dividend yield of 1.82%. iShares S&P 500 Index’s dividend payout ratio (DPR) is currently 20.85%.

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About iShares S&P 500 Index

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.

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

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