M&T Bank Corp Reduces Holdings in iShares Core S&P 500 ETF $IVV

M&T Bank Corp lowered its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 93.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 84,274 shares of the company’s stock after selling 1,214,004 shares during the quarter. M&T Bank Corp’s holdings in iShares Core S&P 500 ETF were worth $57,723,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Decker Retirement Planning Inc. acquired a new position in iShares Core S&P 500 ETF during the 4th quarter valued at approximately $29,000. Palouse Capital Management Inc. purchased a new stake in shares of iShares Core S&P 500 ETF during the fourth quarter valued at $38,000. Imprint Wealth LLC purchased a new stake in shares of iShares Core S&P 500 ETF during the third quarter valued at $39,000. Dorato Capital Management acquired a new position in shares of iShares Core S&P 500 ETF in the 4th quarter valued at $55,000. Finally, Maryland Capital Advisors Inc. raised its stake in iShares Core S&P 500 ETF by 681.8% in the 4th quarter. Maryland Capital Advisors Inc. now owns 86 shares of the company’s stock worth $59,000 after acquiring an additional 75 shares during the last quarter. 70.12% of the stock is currently owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Stock Performance

iShares Core S&P 500 ETF stock opened at $711.74 on Friday. The business’s 50-day simple moving average is $678.81 and its two-hundred day simple moving average is $682.20. The company has a market cap of $781.78 billion, a PE ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a fifty-two week low of $537.97 and a fifty-two week high of $715.66.

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. The component stocks are weighted according to the total float-adjusted market value of their outstanding shares. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.