SteelPeak Wealth LLC Cuts Position in iShares Core S&P 500 ETF $IVV

SteelPeak Wealth LLC decreased its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 9.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 60,965 shares of the company’s stock after selling 6,624 shares during the quarter. iShares Core S&P 500 ETF comprises 1.4% of SteelPeak Wealth LLC’s investment portfolio, making the stock its 16th biggest position. SteelPeak Wealth LLC’s holdings in iShares Core S&P 500 ETF were worth $41,757,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Imprint Wealth LLC purchased a new position in shares of iShares Core S&P 500 ETF in the third quarter valued at $39,000. Dorato Capital Management purchased a new stake in iShares Core S&P 500 ETF during the fourth quarter valued at $55,000. Winnow Wealth LLC purchased a new stake in iShares Core S&P 500 ETF during the third quarter valued at $61,000. Texas Capital Bancshares Inc TX bought a new position in iShares Core S&P 500 ETF during the third quarter valued at $68,000. Finally, Ulland Investment Advisors LLC lifted its position in iShares Core S&P 500 ETF by 87.3% during the third quarter. Ulland Investment Advisors LLC now owns 103 shares of the company’s stock valued at $69,000 after purchasing an additional 48 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 $658.96 on Friday. The firm has a fifty day simple moving average of $678.58 and a two-hundred day simple moving average of $679.61. iShares Core S&P 500 ETF has a 52 week low of $484.00 and a 52 week high of $700.97. The stock has a market capitalization of $726.73 billion, a P/E ratio of 25.10 and a beta of 1.00.

iShares Core S&P 500 ETF Company 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.