United Community Bank Sells 14,980 Shares of iShares Core S&P 500 ETF $IVV

United Community Bank lessened its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 55.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,027 shares of the company’s stock after selling 14,980 shares during the quarter. iShares Core S&P 500 ETF comprises about 3.1% of United Community Bank’s investment portfolio, making the stock its 6th biggest holding. United Community Bank’s holdings in iShares Core S&P 500 ETF were worth $8,238,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in IVV. Decker Retirement Planning Inc. acquired a new position in shares of iShares Core S&P 500 ETF during the fourth quarter valued at approximately $29,000. Palouse Capital Management Inc. bought a new stake in iShares Core S&P 500 ETF during the fourth quarter worth approximately $38,000. Imprint Wealth LLC bought a new stake in iShares Core S&P 500 ETF during the third quarter worth approximately $39,000. Dorato Capital Management bought a new stake in iShares Core S&P 500 ETF during the fourth quarter worth approximately $55,000. Finally, Maryland Capital Advisors Inc. boosted its holdings in iShares Core S&P 500 ETF by 681.8% during the fourth quarter. Maryland Capital Advisors Inc. now owns 86 shares of the company’s stock worth $59,000 after buying an additional 75 shares in the last quarter. Institutional investors and hedge funds own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Performance

Shares of NYSEARCA:IVV opened at $714.89 on Thursday. The stock has a market capitalization of $786.88 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 1-year low of $544.10 and a 1-year high of $718.95. The company has a 50 day moving average price of $681.22 and a 200 day moving average price of $683.55.

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.