Summit X LLC Sells 11,279 Shares of iShares Core S&P 500 ETF (NYSEARCA:IVV)

Summit X LLC decreased its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 18.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 51,545 shares of the company’s stock after selling 11,279 shares during the quarter. iShares Core S&P 500 ETF accounts for 6.7% of Summit X LLC’s holdings, making the stock its largest position. Summit X LLC’s holdings in iShares Core S&P 500 ETF were worth $30,344,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. SYM FINANCIAL Corp purchased a new position in shares of iShares Core S&P 500 ETF during the fourth quarter valued at $30,000. Modus Advisors LLC acquired a new stake in iShares Core S&P 500 ETF during the 4th quarter worth about $32,000. Ulland Investment Advisors LLC purchased a new position in iShares Core S&P 500 ETF during the 4th quarter valued at about $32,000. Safe Harbor Fiduciary LLC acquired a new position in shares of iShares Core S&P 500 ETF in the 3rd quarter valued at about $33,000. Finally, Advantage Trust Co purchased a new stake in shares of iShares Core S&P 500 ETF in the fourth quarter worth approximately $36,000.

iShares Core S&P 500 ETF Stock Performance

IVV stock opened at $558.64 on Wednesday. The firm has a 50 day simple moving average of $597.89 and a 200 day simple moving average of $589.10. iShares Core S&P 500 ETF has a 52 week low of $496.30 and a 52 week high of $616.22. The stock has a market cap of $555.65 billion, a P/E ratio of 26.66 and a beta of 1.01.

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.