iShares Core S&P 500 ETF $IVV Shares Sold by First Bancorp Inc ME

First Bancorp Inc ME lessened its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 9.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,823 shares of the company’s stock after selling 591 shares during the quarter. iShares Core S&P 500 ETF comprises about 2.1% of First Bancorp Inc ME’s investment portfolio, making the stock its 10th largest position. First Bancorp Inc ME’s holdings in iShares Core S&P 500 ETF were worth $3,616,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Flaharty Asset Management LLC acquired a new stake in shares of iShares Core S&P 500 ETF in the first quarter worth $28,000. Lord & Richards Wealth Management LLC acquired a new stake in shares of iShares Core S&P 500 ETF in the first quarter worth $31,000. Cheviot Value Management LLC acquired a new stake in shares of iShares Core S&P 500 ETF in the first quarter worth $52,000. Hager Investment Management Services LLC acquired a new stake in shares of iShares Core S&P 500 ETF in the second quarter worth $61,000. Finally, Rice Partnership LLC boosted its position in shares of iShares Core S&P 500 ETF by 460.0% in the second quarter. Rice Partnership LLC now owns 112 shares of the company’s stock worth $70,000 after buying an additional 92 shares during the period. Institutional investors and hedge funds own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Up 1.0%

Shares of iShares Core S&P 500 ETF stock opened at $674.59 on Tuesday. The stock has a market cap of $704.91 billion, a PE ratio of 25.10 and a beta of 1.00. The business has a fifty day simple moving average of $658.64 and a 200-day simple moving average of $615.71. iShares Core S&P 500 ETF has a 12 month low of $484.00 and a 12 month high of $677.20.

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.