Edgestream Partners L.P. reduced its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 79.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,997 shares of the ETF’s stock after selling 19,808 shares during the quarter. Edgestream Partners L.P.’s holdings in iShares Core S&P 500 ETF were worth $3,264,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Keenan LLC acquired a new position in shares of iShares Core S&P 500 ETF during the 4th quarter valued at about $26,000. Decker Retirement Planning Inc. acquired a new stake in iShares Core S&P 500 ETF during the fourth quarter worth about $29,000. Punch & Associates Investment Management Inc. increased its position in iShares Core S&P 500 ETF by 50.0% during the first quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock worth $27,000 after purchasing an additional 14 shares during the last quarter. GS Investments Inc. raised its stake in iShares Core S&P 500 ETF by 83.3% during the fourth quarter. GS Investments Inc. now owns 44 shares of the ETF’s stock worth $30,000 after purchasing an additional 20 shares during the period. Finally, Palouse Capital Management Inc. purchased a new position in iShares Core S&P 500 ETF during the fourth quarter worth about $38,000. 70.12% of the stock is owned by institutional investors and hedge funds.
iShares Core S&P 500 ETF Price Performance
NYSEARCA:IVV opened at $750.32 on Friday. The firm has a market capitalization of $873.26 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The company’s 50-day moving average is $748.39 and its two-hundred day moving average is $713.07. iShares Core S&P 500 ETF has a 1-year low of $622.31 and a 1-year high of $764.00.
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. 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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