PNC Financial Services Group Inc. increased its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 2.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,763,521 shares of the company’s stock after buying an additional 310,464 shares during the quarter. iShares Core S&P 500 ETF makes up 5.9% of PNC Financial Services Group Inc.’s investment portfolio, making the stock its 2nd largest holding. PNC Financial Services Group Inc.’s holdings in iShares Core S&P 500 ETF were worth $10,797,066,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of IVV. Decker Retirement Planning Inc. acquired a new stake in shares of iShares Core S&P 500 ETF in the fourth quarter valued at about $29,000. Palouse Capital Management Inc. acquired a new position in shares of iShares Core S&P 500 ETF during the 4th quarter worth about $38,000. Imprint Wealth LLC acquired a new position in shares of iShares Core S&P 500 ETF during the 3rd quarter worth about $39,000. Dorato Capital Management bought a new stake in iShares Core S&P 500 ETF during the 4th quarter valued at approximately $55,000. Finally, EQ Wealth Advisors LLC bought a new stake in iShares Core S&P 500 ETF during the 4th quarter valued at approximately $55,000. 70.12% of the stock is currently owned by institutional investors and hedge funds.
iShares Core S&P 500 ETF Stock Down 0.6%
IVV opened at $737.19 on Wednesday. The stock’s 50 day moving average price is $693.43 and its two-hundred day moving average price is $688.99. The firm has a market capitalization of $814.04 billion, a P/E ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 12-month low of $578.31 and a 12-month high of $753.02.
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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