Allianz Asset Management GmbH Increases Stock Position in iShares Core S&P 500 ETF $IVV

Allianz Asset Management GmbH lifted its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 995.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 799,991 shares of the company’s stock after purchasing an additional 726,939 shares during the period. iShares Core S&P 500 ETF makes up approximately 0.6% of Allianz Asset Management GmbH’s holdings, making the stock its 19th biggest holding. Allianz Asset Management GmbH’s holdings in iShares Core S&P 500 ETF were worth $496,714,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Johnson Bixby & Associates LLC raised its holdings in iShares Core S&P 500 ETF by 1.2% in the second quarter. Johnson Bixby & Associates LLC now owns 1,403 shares of the company’s stock valued at $871,000 after buying an additional 16 shares during the period. Activest Wealth Management increased its position in shares of iShares Core S&P 500 ETF by 1.5% in the first quarter. Activest Wealth Management now owns 1,144 shares of the company’s stock worth $643,000 after acquiring an additional 17 shares in the last quarter. Greenfield Savings Bank raised its stake in shares of iShares Core S&P 500 ETF by 2.0% in the 2nd quarter. Greenfield Savings Bank now owns 869 shares of the company’s stock valued at $540,000 after acquiring an additional 17 shares during the period. Next Level Private LLC raised its stake in shares of iShares Core S&P 500 ETF by 1.6% in the 2nd quarter. Next Level Private LLC now owns 1,089 shares of the company’s stock valued at $676,000 after acquiring an additional 17 shares during the period. Finally, Defined Financial Planning LLC raised its stake in shares of iShares Core S&P 500 ETF by 3.7% in the 2nd quarter. Defined Financial Planning LLC now owns 480 shares of the company’s stock valued at $300,000 after acquiring an additional 17 shares during the period. Institutional investors and hedge funds own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Trading Up 0.6%

NYSEARCA:IVV opened at $667.69 on Friday. The firm’s fifty day simple moving average is $657.92 and its 200 day simple moving average is $613.70. iShares Core S&P 500 ETF has a twelve month low of $484.00 and a twelve month high of $677.20. The firm has a market capitalization of $697.67 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00.

iShares Core S&P 500 ETF Company Profile

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.