iShares Core S&P 500 ETF $IVV is New World Advisors LLC’s 2nd Largest Position

New World Advisors LLC lessened its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 13.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 76,033 shares of the company’s stock after selling 11,498 shares during the quarter. iShares Core S&P 500 ETF comprises approximately 8.7% of New World Advisors LLC’s portfolio, making the stock its 2nd largest position. New World Advisors LLC’s holdings in iShares Core S&P 500 ETF were worth $49,666,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in IVV. Keenan LLC acquired a new position in shares of iShares Core S&P 500 ETF in the 4th quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of iShares Core S&P 500 ETF during the 4th quarter worth about $29,000. GS Investments Inc. raised its holdings in iShares Core S&P 500 ETF by 83.3% in the 4th 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. purchased a new stake in iShares Core S&P 500 ETF in the 4th quarter valued at about $38,000. Finally, Imprint Wealth LLC acquired a new position in iShares Core S&P 500 ETF in the third quarter valued at about $39,000. 70.12% of the stock is currently owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Price Performance

NYSEARCA IVV opened at $748.43 on Friday. The stock has a market capitalization of $888.35 billion, a P/E ratio of 25.10 and a beta of 1.00. The firm’s 50-day moving average is $742.39 and its two-hundred day moving average is $704.53. iShares Core S&P 500 ETF has a 12 month low of $620.85 and a 12 month high of $764.00.

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.