Fernwood Investment Management LLC Reduces Stock Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Fernwood Investment Management LLC decreased its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 96.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 594 shares of the company’s stock after selling 14,534 shares during the quarter. Fernwood Investment Management LLC’s holdings in iShares Core S&P 500 ETF were worth $350,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. M Holdings Securities Inc. purchased a new stake in iShares Core S&P 500 ETF in the 4th quarter worth approximately $35,343,000. Strategent Financial LLC purchased a new stake in iShares Core S&P 500 ETF in the fourth quarter worth $416,000. ORG Partners LLC lifted its stake in iShares Core S&P 500 ETF by 9.0% in the fourth quarter. ORG Partners LLC now owns 27,810 shares of the company’s stock worth $16,382,000 after acquiring an additional 2,289 shares during the period. Meadow Creek Wealth Advisors LLC boosted its holdings in iShares Core S&P 500 ETF by 5.7% in the fourth quarter. Meadow Creek Wealth Advisors LLC now owns 19,820 shares of the company’s stock valued at $11,668,000 after acquiring an additional 1,070 shares in the last quarter. Finally, Parkworth Wealth Management Inc. purchased a new position in iShares Core S&P 500 ETF during the 4th quarter valued at $59,000.

iShares Core S&P 500 ETF Trading Down 1.5 %

Shares of NYSEARCA IVV opened at $498.80 on Wednesday. The firm has a fifty day simple moving average of $579.31 and a two-hundred day simple moving average of $587.73. iShares Core S&P 500 ETF has a 12 month low of $484.00 and a 12 month high of $616.22. The firm has a market capitalization of $513.76 billion, a PE ratio of 24.79 and a beta of 1.01.

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.