Burke & Herbert Bank & Trust Co. Trims Stock Holdings in iShares Core S&P 500 ETF $IVV

Burke & Herbert Bank & Trust Co. lessened its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 0.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,194 shares of the company’s stock after selling 36 shares during the period. iShares Core S&P 500 ETF accounts for approximately 1.6% of Burke & Herbert Bank & Trust Co.’s holdings, making the stock its 12th biggest position. Burke & Herbert Bank & Trust Co.’s holdings in iShares Core S&P 500 ETF were worth $6,950,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IVV. Flaharty Asset Management LLC bought a new stake in iShares Core S&P 500 ETF during the first quarter worth about $28,000. Lord & Richards Wealth Management LLC purchased a new position in shares of iShares Core S&P 500 ETF during the first quarter valued at approximately $31,000. Cheviot Value Management LLC bought a new stake in shares of iShares Core S&P 500 ETF in the 1st quarter worth approximately $52,000. Hager Investment Management Services LLC purchased a new stake in shares of iShares Core S&P 500 ETF in the 2nd quarter worth approximately $61,000. Finally, Rice Partnership LLC increased its position in iShares Core S&P 500 ETF by 460.0% during the 2nd quarter. Rice Partnership LLC now owns 112 shares of the company’s stock valued at $70,000 after buying an additional 92 shares in the last quarter. 70.12% of the stock is owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Trading Up 0.8%

Shares of NYSEARCA:IVV opened at $680.52 on Friday. The stock has a fifty day simple moving average of $660.89 and a two-hundred day simple moving average of $619.75. iShares Core S&P 500 ETF has a 12-month low of $484.00 and a 12-month high of $681.80. The stock has a market capitalization of $713.66 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00.

iShares Core S&P 500 ETF 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.