Financial Management Network Inc. Lowers Holdings in iShares Core S&P 500 ETF $IVV

Financial Management Network Inc. lessened its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 1.3% during the first quarter, HoldingsChannel.com reports. The fund owned 90,342 shares of the company’s stock after selling 1,156 shares during the quarter. iShares Core S&P 500 ETF accounts for about 9.5% of Financial Management Network Inc.’s portfolio, making the stock its biggest position. Financial Management Network Inc.’s holdings in iShares Core S&P 500 ETF were worth $61,705,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in IVV. Heck Capital Advisors LLC bought a new position in iShares Core S&P 500 ETF in the fourth quarter worth approximately $331,591,000. Bison Wealth LLC raised its holdings in iShares Core S&P 500 ETF by 24.0% in the 4th quarter. Bison Wealth LLC now owns 7,799 shares of the company’s stock worth $4,591,000 after purchasing an additional 1,511 shares during the period. Schnieders Capital Management LLC. lifted its position in iShares Core S&P 500 ETF by 0.8% during the second quarter. Schnieders Capital Management LLC. now owns 5,656 shares of the company’s stock valued at $3,512,000 after purchasing an additional 45 shares in the last quarter. First Trust Advisors LP lifted its position in iShares Core S&P 500 ETF by 43.1% during the second quarter. First Trust Advisors LP now owns 6,989 shares of the company’s stock valued at $4,340,000 after purchasing an additional 2,105 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in iShares Core S&P 500 ETF by 1.2% during the second quarter. Sei Investments Co. now owns 8,455 shares of the company’s stock valued at $5,250,000 after purchasing an additional 97 shares during the period. 70.12% of the stock is currently owned by institutional investors.

iShares Core S&P 500 ETF Stock Down 1.4%

Shares of IVV opened at $737.14 on Wednesday. The business has a 50-day simple moving average of $736.39 and a two-hundred day simple moving average of $701.58. The stock has a market cap of $813.99 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 52 week low of $606.31 and a 52 week high of $764.00.

iShares Core S&P 500 ETF Company 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.