Cornerstone Advisors Asset Management LLC lessened its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 3.4% during the 1st quarter, Holdings Channel reports. The firm owned 44,620 shares of the ETF’s stock after selling 1,566 shares during the period. iShares Core S&P 500 ETF comprises about 4.5% of Cornerstone Advisors Asset Management LLC’s portfolio, making the stock its 5th biggest holding. Cornerstone Advisors Asset Management LLC’s holdings in iShares Core S&P 500 ETF were worth $29,147,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in IVV. Keenan LLC purchased a new stake in iShares Core S&P 500 ETF during the 4th quarter valued at approximately $26,000. Decker Retirement Planning Inc. purchased a new position in shares of iShares Core S&P 500 ETF in the fourth quarter worth $29,000. GS Investments Inc. lifted its holdings in shares of iShares Core S&P 500 ETF by 83.3% in the fourth quarter. GS Investments Inc. now owns 44 shares of the ETF’s stock worth $30,000 after buying an additional 20 shares in the last quarter. Palouse Capital Management Inc. purchased a new position in shares of iShares Core S&P 500 ETF in the fourth quarter worth $38,000. Finally, Imprint Wealth LLC bought a new position in shares of iShares Core S&P 500 ETF during the third quarter worth $39,000. 70.12% of the stock is owned by hedge funds and other institutional investors.
iShares Core S&P 500 ETF Stock Performance
IVV opened at $746.72 on Monday. The stock has a market capitalization of $879.71 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The company has a fifty day moving average of $748.30 and a 200 day moving average of $709.41. iShares Core S&P 500 ETF has a fifty-two week low of $622.31 and a fifty-two week high of $764.00.
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.
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