Summit Financial LLC Decreases Stock Holdings in iShares Core S&P 500 ETF $IVV

Summit Financial LLC lowered its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 2.1% during the 4th quarter, HoldingsChannel reports. The firm owned 230,276 shares of the company’s stock after selling 5,031 shares during the period. iShares Core S&P 500 ETF comprises about 2.3% of Summit Financial LLC’s investment portfolio, making the stock its 3rd biggest position. Summit Financial LLC’s holdings in iShares Core S&P 500 ETF were worth $157,725,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IVV. Marshall Wace LLP increased its holdings in shares of iShares Core S&P 500 ETF by 28.5% in the third quarter. Marshall Wace LLP now owns 27,524,315 shares of the company’s stock worth $18,422,024,000 after purchasing an additional 6,101,936 shares during the period. Allianz Asset Management GmbH increased its holdings in shares of iShares Core S&P 500 ETF by 242.8% in the fourth quarter. Allianz Asset Management GmbH now owns 8,324,104 shares of the company’s stock worth $5,701,512,000 after purchasing an additional 5,895,837 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of iShares Core S&P 500 ETF by 40.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 16,809,463 shares of the company’s stock worth $11,513,474,000 after purchasing an additional 4,854,227 shares during the period. Eisler Capital Management Ltd. increased its holdings in shares of iShares Core S&P 500 ETF by 346.1% in the third quarter. Eisler Capital Management Ltd. now owns 4,963,000 shares of the company’s stock worth $3,305,308,000 after purchasing an additional 3,850,500 shares during the period. Finally, Capula Management Ltd increased its holdings in shares of iShares Core S&P 500 ETF by 36.3% in the third quarter. Capula Management Ltd now owns 10,434,370 shares of the company’s stock worth $6,983,724,000 after purchasing an additional 2,776,225 shares during the period. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Performance

iShares Core S&P 500 ETF stock opened at $745.14 on Friday. The stock has a market cap of $822.82 billion, a P/E ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a fifty-two week low of $594.71 and a fifty-two week high of $764.00. The firm’s fifty day moving average price is $725.41 and its 200-day moving average price is $698.23.

iShares Core S&P 500 ETF 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.