New World Advisors LLC trimmed its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 13.1% in the first quarter, HoldingsChannel.com reports. The fund owned 76,033 shares of the company’s stock after selling 11,498 shares during the period. iShares Core S&P 500 ETF accounts for 8.7% of New World Advisors LLC’s holdings, making the stock its 2nd largest position. New World Advisors LLC’s holdings in iShares Core S&P 500 ETF were worth $49,666,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Keenan LLC acquired a new stake in shares of iShares Core S&P 500 ETF during the fourth quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new stake in iShares Core S&P 500 ETF during the 4th quarter worth approximately $29,000. GS Investments Inc. increased its stake in iShares Core S&P 500 ETF by 83.3% during the 4th quarter. GS Investments Inc. now owns 44 shares of the company’s stock worth $30,000 after buying an additional 20 shares during the period. Palouse Capital Management Inc. acquired a new stake in iShares Core S&P 500 ETF during the 4th quarter worth approximately $38,000. Finally, Imprint Wealth LLC acquired a new stake in iShares Core S&P 500 ETF during the 3rd quarter worth approximately $39,000. 70.12% of the stock is owned by institutional investors and hedge funds.
iShares Core S&P 500 ETF Price Performance
Shares of IVV stock opened at $748.43 on Friday. The firm has a 50 day moving average of $742.39 and a two-hundred day moving average of $704.53. The stock has a market capitalization of $888.35 billion, a PE ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 52 week low of $620.85 and a 52 week high of $764.00.
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. The component stocks are weighted according to the total float-adjusted market value of their outstanding shares. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
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