Beacon Bank & Trust lessened its position in iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 24.2% in the second quarter, HoldingsChannel.com reports. The fund owned 6,012 shares of the ETF’s stock after selling 1,920 shares during the period. iShares Core S&P 500 ETF comprises about 0.9% of Beacon Bank & Trust’s portfolio, making the stock its 28th biggest holding. Beacon Bank & Trust’s holdings in iShares Core S&P 500 ETF were worth $4,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Keenan LLC bought a new position in iShares Core S&P 500 ETF during the fourth quarter worth about $26,000. Punch & Associates Investment Management Inc. lifted its position in shares of iShares Core S&P 500 ETF by 50.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock valued at $27,000 after buying an additional 14 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in shares of iShares Core S&P 500 ETF during the 4th quarter worth approximately $29,000. GS Investments Inc. increased its holdings in shares of iShares Core S&P 500 ETF by 83.3% during the 4th quarter. GS Investments Inc. now owns 44 shares of the ETF’s stock worth $30,000 after acquiring an additional 20 shares during the last quarter. Finally, Palouse Capital Management Inc. acquired a new position in shares of iShares Core S&P 500 ETF during the 4th quarter worth approximately $38,000. 70.12% of the stock is owned by institutional investors.
iShares Core S&P 500 ETF Trading Up 0.6%
IVV opened at $776.73 on Friday. The stock’s fifty day simple moving average is $750.05 and its 200 day simple moving average is $715.73. iShares Core S&P 500 ETF has a 1-year low of $632.14 and a 1-year high of $780.64. The stock has a market cap of $902.21 billion, a PE ratio of 25.10 and a beta of 1.00.
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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Want to see what other hedge funds are holding IVV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report).
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