iShares Core S&P 500 ETF $IVV Position Lessened by Elk River Wealth Management LLC

Elk River Wealth Management LLC cut its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 2.7% during the fourth quarter, HoldingsChannel reports. The fund owned 50,092 shares of the company’s stock after selling 1,376 shares during the quarter. iShares Core S&P 500 ETF comprises about 4.4% of Elk River Wealth Management LLC’s holdings, making the stock its 5th largest position. Elk River Wealth Management LLC’s holdings in iShares Core S&P 500 ETF were worth $34,173,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares Core S&P 500 ETF by 2.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 33,427,901 shares of the company’s stock valued at $22,373,294,000 after acquiring an additional 939,429 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of iShares Core S&P 500 ETF by 0.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 28,570,831 shares of the company’s stock valued at $19,122,455,000 after acquiring an additional 201,983 shares during the period. Marshall Wace LLP increased its holdings in shares of iShares Core S&P 500 ETF by 28.5% in the 3rd quarter. Marshall Wace LLP now owns 27,524,315 shares of the company’s stock valued at $18,422,024,000 after acquiring an additional 6,101,936 shares during the period. Creative Planning increased its holdings in shares of iShares Core S&P 500 ETF by 2.3% in the 3rd quarter. Creative Planning now owns 22,735,267 shares of the company’s stock valued at $15,216,714,000 after acquiring an additional 505,293 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in shares of iShares Core S&P 500 ETF by 3.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 17,201,745 shares of the company’s stock valued at $11,437,403,000 after acquiring an additional 601,254 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 1.0%

Shares of NYSEARCA:IVV opened at $744.79 on Thursday. iShares Core S&P 500 ETF has a 12-month low of $578.31 and a 12-month high of $753.02. The business’s fifty day simple moving average is $694.70 and its 200-day simple moving average is $689.42. The company has a market capitalization of $822.43 billion, a PE ratio of 25.10 and a beta of 1.00.

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.