RKL Wealth Management LLC Sells 48,020 Shares of iShares Core S&P 500 ETF $IVV

RKL Wealth Management LLC lowered its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 13.0% during the first quarter, HoldingsChannel reports. The fund owned 322,614 shares of the company’s stock after selling 48,020 shares during the quarter. iShares Core S&P 500 ETF comprises about 19.0% of RKL Wealth Management LLC’s portfolio, making the stock its largest holding. RKL Wealth Management LLC’s holdings in iShares Core S&P 500 ETF were worth $210,735,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IVV. Barnes Pettey Financial Advisors LLC grew its position in shares of iShares Core S&P 500 ETF by 3.1% in the 1st quarter. Barnes Pettey Financial Advisors LLC now owns 5,225 shares of the company’s stock valued at $3,413,000 after buying an additional 159 shares during the last quarter. Alaska Wealth Advisors LLC bought a new position in shares of iShares Core S&P 500 ETF during the first quarter worth about $326,000. Merited Wealth LLC raised its position in shares of iShares Core S&P 500 ETF by 69.9% during the first quarter. Merited Wealth LLC now owns 16,073 shares of the company’s stock worth $10,499,000 after acquiring an additional 6,610 shares during the last quarter. Alaska Permanent Capital Management LLC lifted its stake in shares of iShares Core S&P 500 ETF by 29.6% in the first quarter. Alaska Permanent Capital Management LLC now owns 136,067 shares of the company’s stock worth $88,899,000 after acquiring an additional 31,072 shares during the period. Finally, Semus Wealth Partners LLC lifted its stake in shares of iShares Core S&P 500 ETF by 8.0% in the first quarter. Semus Wealth Partners LLC now owns 8,644 shares of the company’s stock worth $5,646,000 after acquiring an additional 638 shares during the period. 70.12% of the stock is currently owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Price Performance

Shares of IVV stock opened at $748.43 on Friday. The stock has a market capitalization of $887.34 billion, a PE ratio of 25.10 and a beta of 1.00. The business’s 50 day simple moving average is $741.72 and its 200 day simple moving average is $704.22. iShares Core S&P 500 ETF has a one year low of $620.85 and a one year high of $764.00.

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.