Webster Bank N. A. Raises Position in iShares Core S&P 500 ETF $IVV

Webster Bank N. A. boosted its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 8.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 26,050 shares of the company’s stock after buying an additional 1,924 shares during the quarter. iShares Core S&P 500 ETF comprises 1.7% of Webster Bank N. A.’s holdings, making the stock its 11th largest holding. Webster Bank N. A.’s holdings in iShares Core S&P 500 ETF were worth $16,174,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its holdings in iShares Core S&P 500 ETF by 6.4% in the first quarter. Envestnet Asset Management Inc. now owns 35,694,204 shares of the company’s stock worth $20,056,573,000 after buying an additional 2,160,133 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in iShares Core S&P 500 ETF by 2.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 31,297,509 shares of the company’s stock worth $17,586,070,000 after buying an additional 768,618 shares during the period. New Vernon Capital Holdings II LLC lifted its holdings in iShares Core S&P 500 ETF by 53,779.2% in the first quarter. New Vernon Capital Holdings II LLC now owns 24,775,295 shares of the company’s stock worth $13,921,238,000 after buying an additional 24,729,312 shares during the period. JPMorgan Chase & Co. lifted its holdings in iShares Core S&P 500 ETF by 31.4% in the first quarter. JPMorgan Chase & Co. now owns 23,892,610 shares of the company’s stock worth $13,425,259,000 after buying an additional 5,708,115 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in iShares Core S&P 500 ETF by 1.0% in the first quarter. PNC Financial Services Group Inc. now owns 15,270,271 shares of the company’s stock worth $8,580,365,000 after buying an additional 146,638 shares during the period. 70.12% of the stock is currently owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Price Performance

Shares of IVV opened at $660.72 on Monday. iShares Core S&P 500 ETF has a one year low of $484.00 and a one year high of $662.46. The company has a 50-day simple moving average of $640.31 and a two-hundred day simple moving average of $597.37. The firm has a market capitalization of $665.54 billion, a PE 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.