Smart Money Group LLC Reduces Stock Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Smart Money Group LLC trimmed its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,738 shares of the company’s stock after selling 276 shares during the quarter. iShares Core S&P 500 ETF accounts for approximately 2.2% of Smart Money Group LLC’s holdings, making the stock its 12th biggest holding. Smart Money Group LLC’s holdings in iShares Core S&P 500 ETF were worth $5,129,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in IVV. Eukles Asset Management boosted its holdings in shares of iShares Core S&P 500 ETF by 126.9% in the 4th quarter. Eukles Asset Management now owns 59 shares of the company’s stock worth $28,000 after purchasing an additional 33 shares during the period. Horizon Bancorp Inc. IN bought a new position in iShares Core S&P 500 ETF during the third quarter valued at $40,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in iShares Core S&P 500 ETF during the third quarter valued at $41,000. Evolution Advisers Inc. purchased a new stake in shares of iShares Core S&P 500 ETF in the fourth quarter valued at $48,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of iShares Core S&P 500 ETF in the 3rd quarter worth about $62,000.

iShares Core S&P 500 ETF Trading Up 0.9 %

Shares of IVV stock traded up $4.60 during trading hours on Thursday, reaching $507.46. 3,599,080 shares of the stock were exchanged, compared to its average volume of 5,760,120. iShares Core S&P 500 ETF has a 12-month low of $405.54 and a 12-month high of $527.16. The firm has a market capitalization of $437.89 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99. The company’s 50-day moving average price is $514.46 and its 200-day moving average price is $483.15.

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.