The University of Chicago is big at being passive.
In fact, Barron's calculates that at the end of the first quarter, the university's Investment Office had $ 387.1 million invested in exchange-traded funds, based on regulatory filings.
The high-ranking university has, as of March 31, 3,700,700 shares of the iShares Core S & P 500 ETF (IVV), which tracks the Standard & Poor 500 Index; 1.9 million shares of the iShares Core MSCI EAFE ETF (IEFA), which tracks the market index of MSEC EAFE Investable; 753,000 shares of the iShares Core MSCI Emerging Markets ETF (IEMG), which tracks the MSCI Emerging Markets Investable Market Index; 145,900 shares of the ETF (TLT) of iShares 20+ Treasury Bond, which tracks the US Treasury bond index. UU More than 20 years of ICE; and 77,800 shares of the iShares Russell 1000 ETF (IWB), which tracks the Russell 1000 index.
At the end of the first quarter, these four investments were valued at $ 185.9 million, $ 128 million, $ 44 million, $ 17.8 million and $ 11.4 million, respectively. The university's Investment Office manages a total of $ 14 billion.
The last presentation of the university was two years ago, which means that the investments crossed the limit of $ 100 million only in the first quarter, which triggered the need to present a statement before the Securities and Exchange Commission. The University of Chicago did not respond to a request for comments on the investments.
At the end of the first quarter, the school revealed that it had a total of about $ 388 million in investments negotiated in the United States. That additional $ 1 million comes from the ownership of 20,500 shares of Adtalem Global Education (ATGE), which operates for-profit educational institutions.
The most recent previous presentation of the University of Chicago covered the end of the fourth quarter of 2015, when it had $ 42.7 million in investments. The university owned 30,500 shares of DeVry Education Group, the predecessor company of Adtalem, 434,100 shares of the Energy Select Sector SPDR Fund (XLE), 84,600 shares of the iShares Russell 1000 ETF and 50,200 shares of the iShares 20+ Year Treasury Bond ETF.
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