Merit Financial Group LLC Trims Position in iShares Core S&P 500 ETF $IVV

Merit Financial Group LLC trimmed its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 4.1% during the second quarter, HoldingsChannel reports. The firm owned 253,955 shares of the company’s stock after selling 10,962 shares during the quarter. iShares Core S&P 500 ETF comprises 1.8% of Merit Financial Group LLC’s portfolio, making the stock its 7th largest holding. Merit Financial Group LLC’s holdings in iShares Core S&P 500 ETF were worth $157,681,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Johnson Bixby & Associates LLC lifted its position in iShares Core S&P 500 ETF by 1.2% in the 2nd quarter. Johnson Bixby & Associates LLC now owns 1,403 shares of the company’s stock valued at $871,000 after acquiring an additional 16 shares in the last quarter. Activest Wealth Management lifted its position in iShares Core S&P 500 ETF by 1.5% in the 1st quarter. Activest Wealth Management now owns 1,144 shares of the company’s stock valued at $643,000 after acquiring an additional 17 shares in the last quarter. Greenfield Savings Bank lifted its position in iShares Core S&P 500 ETF by 2.0% in the 2nd quarter. Greenfield Savings Bank now owns 869 shares of the company’s stock valued at $540,000 after acquiring an additional 17 shares in the last quarter. Next Level Private LLC lifted its position in iShares Core S&P 500 ETF by 1.6% in the 2nd quarter. Next Level Private LLC now owns 1,089 shares of the company’s stock valued at $676,000 after acquiring an additional 17 shares in the last quarter. Finally, Graham Capital Wealth Management LLC lifted its position in iShares Core S&P 500 ETF by 2.8% in the 1st quarter. Graham Capital Wealth Management LLC now owns 660 shares of the company’s stock valued at $371,000 after acquiring an additional 18 shares in the last quarter. 70.12% of the stock is owned by institutional investors.

iShares Core S&P 500 ETF Trading Down 0.4%

IVV opened at $672.42 on Wednesday. The stock has a market capitalization of $703.96 billion, a P/E ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 12 month low of $484.00 and a 12 month high of $676.25. The firm’s fifty day simple moving average is $652.63 and its 200 day simple moving average is $608.52.

iShares Core S&P 500 ETF Company 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.