Northwestern Mutual Wealth Management Co. Lowers Stock Holdings in iShares Core S&P 500 ETF $IVV

Northwestern Mutual Wealth Management Co. lowered its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 27.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,223,743 shares of the company’s stock after selling 9,204,158 shares during the period. iShares Core S&P 500 ETF makes up about 8.1% of Northwestern Mutual Wealth Management Co.’s holdings, making the stock its biggest position. Northwestern Mutual Wealth Management Co.’s holdings in iShares Core S&P 500 ETF were worth $16,591,811,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in IVV. Decker Retirement Planning Inc. bought a new position in shares of iShares Core S&P 500 ETF in the fourth quarter valued at approximately $29,000. Palouse Capital Management Inc. purchased a new position in shares of iShares Core S&P 500 ETF during the 4th quarter valued at about $38,000. Imprint Wealth LLC bought a new stake in shares of iShares Core S&P 500 ETF in the 3rd quarter worth approximately $39,000. Dorato Capital Management bought a new stake in iShares Core S&P 500 ETF in the fourth quarter worth $55,000. Finally, EQ Wealth Advisors LLC bought a new stake in shares of iShares Core S&P 500 ETF in the 4th quarter valued at about $55,000. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Performance

NYSEARCA:IVV opened at $742.45 on Friday. The firm has a market cap of $819.85 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 $578.31 and a fifty-two week high of $753.02. The business has a 50 day moving average price of $691.05 and a 200-day moving average price of $688.30.

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. 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.