Allspring Global Investments Holdings LLC Cuts Stock Position in iShares Core S&P 500 ETF $IVV

Allspring Global Investments Holdings LLC cut its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 8.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 593,205 shares of the company’s stock after selling 54,832 shares during the period. iShares Core S&P 500 ETF comprises about 0.6% of Allspring Global Investments Holdings LLC’s portfolio, making the stock its 23rd biggest position. Allspring Global Investments Holdings LLC owned about 0.06% of iShares Core S&P 500 ETF worth $368,185,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its stake in iShares Core S&P 500 ETF by 6.4% during the first quarter. Envestnet Asset Management Inc. now owns 35,694,204 shares of the company’s stock worth $20,056,573,000 after purchasing an additional 2,160,133 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in iShares Core S&P 500 ETF by 2.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 31,297,509 shares of the company’s stock worth $17,586,070,000 after purchasing an additional 768,618 shares during the period. New Vernon Capital Holdings II LLC increased its stake in iShares Core S&P 500 ETF by 53,779.2% during the first quarter. New Vernon Capital Holdings II LLC now owns 24,775,295 shares of the company’s stock worth $13,921,238,000 after purchasing an additional 24,729,312 shares during the period. JPMorgan Chase & Co. increased its stake in iShares Core S&P 500 ETF by 31.4% during the first quarter. JPMorgan Chase & Co. now owns 23,892,610 shares of the company’s stock worth $13,425,259,000 after purchasing an additional 5,708,115 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in iShares Core S&P 500 ETF by 1.0% during the first quarter. PNC Financial Services Group Inc. now owns 15,270,271 shares of the company’s stock worth $8,580,365,000 after purchasing an additional 146,638 shares during the period. 70.12% of the stock is currently owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Price Performance

Shares of NYSEARCA:IVV opened at $668.28 on Thursday. The firm’s 50-day moving average is $656.80 and its two-hundred day moving average is $612.28. iShares Core S&P 500 ETF has a 1 year low of $484.00 and a 1 year high of $677.20. The firm has a market capitalization of $698.29 billion, a PE ratio of 25.10 and a beta of 1.00.

iShares Core S&P 500 ETF 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.