Cornerstone Wealth Group LLC Reduces Stock Holdings in iShares Core S&P 500 ETF $IVV

Cornerstone Wealth Group LLC reduced its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 1.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 72,460 shares of the company’s stock after selling 1,225 shares during the quarter. iShares Core S&P 500 ETF makes up 3.3% of Cornerstone Wealth Group LLC’s holdings, making the stock its 3rd largest holding. Cornerstone Wealth Group LLC’s holdings in iShares Core S&P 500 ETF were worth $51,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Keenan LLC bought a new position in shares of iShares Core S&P 500 ETF during the 4th quarter worth about $26,000. Decker Retirement Planning Inc. bought a new stake in shares of iShares Core S&P 500 ETF in the fourth quarter valued at about $29,000. GS Investments Inc. lifted its stake in shares of iShares Core S&P 500 ETF by 83.3% in the fourth quarter. GS Investments Inc. now owns 44 shares of the company’s stock valued at $30,000 after buying an additional 20 shares during the period. Palouse Capital Management Inc. acquired a new stake in iShares Core S&P 500 ETF during the fourth quarter worth about $38,000. Finally, Imprint Wealth LLC acquired a new stake in iShares Core S&P 500 ETF during the third quarter worth about $39,000. 70.12% of the stock is owned by institutional investors.

iShares Core S&P 500 ETF Stock Up 1.9%

Shares of IVV opened at $744.19 on Tuesday. iShares Core S&P 500 ETF has a 12-month low of $617.99 and a 12-month high of $764.00. The firm has a market capitalization of $821.77 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The stock’s 50-day moving average price is $739.44 and its 200 day moving average price is $702.97.

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.