PNC Financial Services Group Inc. Cuts Stock Holdings in iShares Core S&P 500 ETF $IVV

PNC Financial Services Group Inc. decreased its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 0.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 15,679,384 shares of the ETF’s stock after selling 84,137 shares during the period. iShares Core S&P 500 ETF comprises approximately 5.9% of PNC Financial Services Group Inc.’s holdings, making the stock its 2nd largest position. PNC Financial Services Group Inc.’s holdings in iShares Core S&P 500 ETF were worth $10,241,930,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in IVV. Keenan LLC purchased a new stake in iShares Core S&P 500 ETF in the fourth quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of iShares Core S&P 500 ETF in the 4th quarter worth approximately $29,000. GS Investments Inc. boosted its stake in shares of iShares Core S&P 500 ETF by 83.3% during the fourth quarter. GS Investments Inc. now owns 44 shares of the ETF’s stock valued at $30,000 after purchasing an additional 20 shares in the last quarter. Palouse Capital Management Inc. purchased a new position in iShares Core S&P 500 ETF during the fourth quarter valued at approximately $38,000. Finally, Imprint Wealth LLC bought a new position in iShares Core S&P 500 ETF in the third quarter worth approximately $39,000. 70.12% of the stock is currently owned by institutional investors.

iShares Core S&P 500 ETF Stock Up 0.9%

iShares Core S&P 500 ETF stock opened at $751.95 on Wednesday. The firm has a market cap of $887.04 billion, a P/E ratio of 25.10 and a beta of 1.00. The business has a fifty day moving average of $748.56 and a two-hundred day moving average of $710.27. iShares Core S&P 500 ETF has a twelve month low of $622.31 and a twelve month high of $764.00.

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.