iShares Core S&P 500 ETF $IVV Position Increased by Towercrest Capital Management

Towercrest Capital Management raised its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,231 shares of the company’s stock after purchasing an additional 3,117 shares during the period. iShares Core S&P 500 ETF accounts for about 9.7% of Towercrest Capital Management’s holdings, making the stock its 2nd biggest position. Towercrest Capital Management’s holdings in iShares Core S&P 500 ETF were worth $54,210,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC purchased a new position in iShares Core S&P 500 ETF in the first quarter valued at approximately $28,000. Lord & Richards Wealth Management LLC acquired a new stake in shares of iShares Core S&P 500 ETF in the first quarter valued at approximately $31,000. Cheviot Value Management LLC acquired a new stake in shares of iShares Core S&P 500 ETF in the first quarter valued at approximately $52,000. Hager Investment Management Services LLC acquired a new stake in shares of iShares Core S&P 500 ETF in the second quarter valued at approximately $61,000. Finally, Rice Partnership LLC boosted its holdings 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 valued at $70,000 after acquiring an additional 92 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 Trading Up 0.2%

IVV stock opened at $686.69 on Tuesday. The company has a market capitalization of $720.37 billion, a P/E ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a twelve month low of $484.00 and a twelve month high of $693.07. The business has a 50 day simple moving average of $666.11 and a 200-day simple moving average of $627.28.

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.