Beacon Bank & Trust Sells 1,920 Shares of iShares Core S&P 500 ETF $IVV

Beacon Bank & Trust reduced its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 24.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,012 shares of the ETF’s stock after selling 1,920 shares during the period. iShares Core S&P 500 ETF comprises about 0.9% of Beacon Bank & Trust’s investment portfolio, making the stock its 28th largest holding. Beacon Bank & Trust’s holdings in iShares Core S&P 500 ETF were worth $4,502,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IVV. Northwestern Mutual Wealth Management Co. lifted its stake in iShares Core S&P 500 ETF by 1.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 33,837,717 shares of the ETF’s stock valued at $23,176,806,000 after acquiring an additional 409,816 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of iShares Core S&P 500 ETF by 17.9% in the fourth quarter. Marshall Wace LLP now owns 32,452,900 shares of the ETF’s stock valued at $22,228,289,000 after purchasing an additional 4,928,585 shares during the last quarter. Creative Planning lifted its position in shares of iShares Core S&P 500 ETF by 2.3% in the third quarter. Creative Planning now owns 22,735,267 shares of the ETF’s stock worth $15,216,714,000 after purchasing an additional 505,293 shares in the last quarter. Bank of America Corp DE boosted its holdings in iShares Core S&P 500 ETF by 27.7% during the fourth quarter. Bank of America Corp DE now owns 21,696,475 shares of the ETF’s stock worth $14,860,784,000 after purchasing an additional 4,709,612 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in iShares Core S&P 500 ETF by 400.8% during the fourth quarter. Corient Private Wealth LLC now owns 17,425,305 shares of the ETF’s stock worth $11,935,288,000 after purchasing an additional 13,946,081 shares during the last quarter. 70.12% of the stock is currently owned by institutional investors.

iShares Core S&P 500 ETF Trading Up 0.6%

Shares of IVV stock opened at $776.73 on Friday. The firm’s fifty day moving average price is $750.05 and its two-hundred day moving average price is $715.73. iShares Core S&P 500 ETF has a 1 year low of $632.14 and a 1 year high of $780.64. The firm has a market capitalization of $902.21 billion, a P/E ratio of 25.10 and a beta of 1.00.

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.