Sumitomo Mitsui Trust Group Inc. Lowers Stock Holdings in iShares Core S&P 500 ETF $IVV

Sumitomo Mitsui Trust Group Inc. lessened its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 23.1% during the first quarter, HoldingsChannel.com reports. The fund owned 240,533 shares of the company’s stock after selling 72,410 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in iShares Core S&P 500 ETF were worth $157,119,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IVV. Heck Capital Advisors LLC bought a new position in shares of iShares Core S&P 500 ETF in the 4th quarter worth $331,591,000. Bison Wealth LLC grew its position in iShares Core S&P 500 ETF by 24.0% in the fourth quarter. Bison Wealth LLC now owns 7,799 shares of the company’s stock worth $4,591,000 after acquiring an additional 1,511 shares in the last quarter. Schnieders Capital Management LLC. grew its position in iShares Core S&P 500 ETF by 0.8% in the second quarter. Schnieders Capital Management LLC. now owns 5,656 shares of the company’s stock worth $3,512,000 after acquiring an additional 45 shares in the last quarter. First Trust Advisors LP increased its stake in iShares Core S&P 500 ETF by 43.1% in the second quarter. First Trust Advisors LP now owns 6,989 shares of the company’s stock valued at $4,340,000 after acquiring an additional 2,105 shares during the last quarter. Finally, Sei Investments Co. increased its stake in iShares Core S&P 500 ETF by 1.2% in the second quarter. Sei Investments Co. now owns 8,455 shares of the company’s stock valued at $5,250,000 after acquiring an additional 97 shares during the last quarter. 70.12% of the stock is currently owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Stock Up 0.8%

NYSEARCA IVV opened at $755.05 on Friday. The stock’s 50-day simple moving average is $745.34 and its two-hundred day simple moving average is $706.76. iShares Core S&P 500 ETF has a twelve month low of $621.05 and a twelve month high of $764.00. The company has a market capitalization of $892.54 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00.

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.