Meridian Wealth Management LLC Cuts Stock Position in iShares Core S&P 500 ETF $IVV

Meridian Wealth Management LLC reduced its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,978 shares of the company’s stock after selling 1,368 shares during the period. iShares Core S&P 500 ETF makes up about 1.2% of Meridian Wealth Management LLC’s investment portfolio, making the stock its 12th biggest holding. Meridian Wealth Management LLC’s holdings in iShares Core S&P 500 ETF were worth $29,169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of IVV. Flaharty Asset Management LLC purchased a new position in iShares Core S&P 500 ETF in the 1st quarter worth approximately $28,000. Nvwm LLC lifted its position in shares of iShares Core S&P 500 ETF by 210.5% during the second quarter. Nvwm LLC now owns 59 shares of the company’s stock worth $37,000 after purchasing an additional 40 shares in the last quarter. Cheviot Value Management LLC purchased a new position in shares of iShares Core S&P 500 ETF in the first quarter valued at $52,000. Hager Investment Management Services LLC acquired a new stake in iShares Core S&P 500 ETF during the 2nd quarter valued at $61,000. Finally, Rice Partnership LLC grew its holdings in iShares Core S&P 500 ETF by 460.0% during the 2nd quarter. Rice Partnership LLC now owns 112 shares of the company’s stock valued at $70,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Price Performance

Shares of IVV stock opened at $675.31 on Friday. The company’s fifty day moving average price is $671.64 and its two-hundred day moving average price is $634.87. The firm has a market capitalization of $708.74 billion, a P/E ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 12 month low of $484.00 and a 12 month high of $693.07.

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.