Altus Wealth Group LLC Trims Stock Position in iShares Core S&P 500 ETF $IVV

Altus Wealth Group LLC decreased its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 6.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 43,563 shares of the company’s stock after selling 3,206 shares during the period. iShares Core S&P 500 ETF accounts for approximately 12.0% of Altus Wealth Group LLC’s investment portfolio, making the stock its biggest holding. Altus Wealth Group LLC’s holdings in iShares Core S&P 500 ETF were worth $27,048,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of IVV. Flaharty Asset Management LLC acquired a new position in iShares Core S&P 500 ETF in the first quarter valued at $28,000. Lord & Richards Wealth Management LLC acquired a new position in iShares Core S&P 500 ETF in the first quarter valued at $31,000. Cheviot Value Management LLC acquired a new position in iShares Core S&P 500 ETF in the first quarter valued at $52,000. Hager Investment Management Services LLC acquired a new position in iShares Core S&P 500 ETF in the second quarter valued at $61,000. Finally, Rice Partnership LLC lifted its holdings in iShares Core S&P 500 ETF by 460.0% in the second quarter. Rice Partnership LLC now owns 112 shares of the company’s stock valued at $70,000 after buying an additional 92 shares during the period. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Up 1.0%

IVV stock opened at $674.59 on Tuesday. The firm has a market cap of $704.91 billion, a price-to-earnings 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 $677.20. The company’s fifty day simple moving average is $658.64 and its 200 day simple moving average is $615.71.

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.