Sage Financial Management Group Inc. Increases Stock Position in iShares Core S&P 500 ETF $IVV

Sage Financial Management Group Inc. raised its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 1.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 73,481 shares of the company’s stock after purchasing an additional 1,132 shares during the quarter. iShares Core S&P 500 ETF accounts for about 15.7% of Sage Financial Management Group Inc.’s investment portfolio, making the stock its biggest holding. Sage Financial Management Group Inc.’s holdings in iShares Core S&P 500 ETF were worth $49,181,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of IVV. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares Core S&P 500 ETF by 3.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 32,488,472 shares of the company’s stock valued at $20,172,093,000 after acquiring an additional 1,190,963 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in iShares Core S&P 500 ETF by 18.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 28,271,587 shares of the company’s stock valued at $17,553,830,000 after purchasing an additional 4,378,977 shares during the last quarter. Creative Planning boosted its stake in iShares Core S&P 500 ETF by 1.8% during the 2nd quarter. Creative Planning now owns 22,229,974 shares of the company’s stock valued at $13,802,591,000 after purchasing an additional 398,230 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of iShares Core S&P 500 ETF by 0.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 15,375,370 shares of the company’s stock worth $9,546,567,000 after purchasing an additional 105,099 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of iShares Core S&P 500 ETF by 18.5% in the first quarter. Jones Financial Companies Lllp now owns 14,282,483 shares of the company’s stock worth $7,971,434,000 after purchasing an additional 2,230,832 shares during the last quarter. 70.12% of the stock is owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Price Performance

Shares of NYSEARCA:IVV opened at $697.08 on Friday. iShares Core S&P 500 ETF has a 1 year low of $484.00 and a 1 year high of $698.37. The company has a market cap of $763.20 billion, a P/E ratio of 25.10 and a beta of 1.00. The stock’s fifty day moving average price is $683.17 and its 200-day moving average price is $661.77.

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.