iShares Core S&P 500 ETF $IVV Stake Lowered by Standpoint Asset Management LLC

Standpoint Asset Management LLC cut its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 3.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,300 shares of the company’s stock after selling 3,500 shares during the quarter. iShares Core S&P 500 ETF makes up about 16.0% of Standpoint Asset Management LLC’s investment portfolio, making the stock its largest position. Standpoint Asset Management LLC’s holdings in iShares Core S&P 500 ETF were worth $66,170,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in IVV. Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares Core S&P 500 ETF by 1.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 33,837,717 shares of the company’s stock valued at $23,176,806,000 after purchasing an additional 409,816 shares in the last quarter. Marshall Wace LLP lifted its position in shares of iShares Core S&P 500 ETF by 17.9% in the 4th quarter. Marshall Wace LLP now owns 32,452,900 shares of the company’s stock worth $22,228,289,000 after purchasing an additional 4,928,585 shares during the period. Creative Planning boosted its stake in shares of iShares Core S&P 500 ETF by 2.3% during the third quarter. Creative Planning now owns 22,735,267 shares of the company’s stock valued at $15,216,714,000 after purchasing an additional 505,293 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of iShares Core S&P 500 ETF by 27.7% during the fourth quarter. Bank of America Corp DE now owns 21,696,475 shares of the company’s stock valued at $14,860,784,000 after purchasing an additional 4,709,612 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in iShares Core S&P 500 ETF by 400.8% during the fourth quarter. Corient Private Wealth LLC now owns 17,425,305 shares of the company’s stock valued at $11,935,288,000 after buying an additional 13,946,081 shares during the period. 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 $750.11 on Monday. The company has a market capitalization of $828.31 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 52 week low of $594.71 and a 52 week high of $764.00. The firm has a 50 day moving average of $734.01 and a 200 day moving average of $700.78.

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. 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.