Cornerstone Advisors Asset Management LLC Has $29.15 Million Stake in iShares Core S&P 500 ETF $IVV

Cornerstone Advisors Asset Management LLC decreased its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,620 shares of the ETF’s stock after selling 1,566 shares during the quarter. iShares Core S&P 500 ETF makes up 4.5% of Cornerstone Advisors Asset Management LLC’s portfolio, making the stock its 5th biggest holding. Cornerstone Advisors Asset Management LLC’s holdings in iShares Core S&P 500 ETF were worth $29,147,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Keenan LLC purchased a new stake in iShares Core S&P 500 ETF in the 4th quarter worth approximately $26,000. Decker Retirement Planning Inc. purchased a new position in iShares Core S&P 500 ETF during the fourth quarter valued at approximately $29,000. GS Investments Inc. lifted its holdings in iShares Core S&P 500 ETF by 83.3% during the fourth quarter. GS Investments Inc. now owns 44 shares of the ETF’s stock valued at $30,000 after purchasing an additional 20 shares in the last quarter. Palouse Capital Management Inc. bought a new position in shares of iShares Core S&P 500 ETF in the fourth quarter worth approximately $38,000. Finally, Imprint Wealth LLC bought a new position in shares of iShares Core S&P 500 ETF in the third quarter worth approximately $39,000. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Price Performance

Shares of NYSEARCA IVV opened at $746.72 on Monday. The firm has a fifty day moving average price of $748.30 and a 200-day moving average price of $709.41. The stock has a market cap of $879.71 billion, a PE ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 1 year low of $622.31 and a 1 year 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.