iShares Core S&P 500 ETF $IVV Stake Reduced by Financial Management Network Inc.

Financial Management Network Inc. reduced its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 1.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 90,342 shares of the company’s stock after selling 1,156 shares during the quarter. iShares Core S&P 500 ETF accounts for about 9.5% of Financial Management Network Inc.’s investment portfolio, making the stock its biggest holding. Financial Management Network Inc.’s holdings in iShares Core S&P 500 ETF were worth $61,705,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Keenan LLC purchased a new stake in shares of iShares Core S&P 500 ETF during the fourth quarter valued at approximately $26,000. Decker Retirement Planning Inc. purchased a new position in iShares Core S&P 500 ETF in the 4th quarter worth approximately $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 worth $30,000 after acquiring an additional 20 shares during the last quarter. Palouse Capital Management Inc. purchased a new position in iShares Core S&P 500 ETF in the 4th quarter worth approximately $38,000. Finally, Imprint Wealth LLC bought a new position in iShares Core S&P 500 ETF in the 3rd quarter valued at approximately $39,000. 70.12% of the stock is owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Trading Down 1.4%

Shares of IVV opened at $737.14 on Wednesday. The business’s fifty day simple moving average is $736.39 and its two-hundred day simple moving average is $701.58. iShares Core S&P 500 ETF has a 12 month low of $606.31 and a 12 month high of $764.00. The company has a market cap of $813.99 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00.

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.