Welch & Forbes LLC Sells 1,276 Shares of iShares Core S&P 500 ETF $IVV

Welch & Forbes LLC lessened its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 7.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,064 shares of the company’s stock after selling 1,276 shares during the quarter. Welch & Forbes LLC’s holdings in iShares Core S&P 500 ETF were worth $11,146,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Anchor Investment Management LLC boosted its position in shares of iShares Core S&P 500 ETF by 3.1% in the third quarter. Anchor Investment Management LLC now owns 503 shares of the company’s stock valued at $337,000 after acquiring an additional 15 shares during the period. Wealth Effects LLC increased its holdings in iShares Core S&P 500 ETF by 0.4% during the 4th quarter. Wealth Effects LLC now owns 4,276 shares of the company’s stock worth $2,929,000 after acquiring an additional 15 shares during the period. West Wealth Group LLC increased its holdings in iShares Core S&P 500 ETF by 1.1% during the 4th quarter. West Wealth Group LLC now owns 1,440 shares of the company’s stock worth $987,000 after acquiring an additional 15 shares during the period. Keeler & Nadler Financial Planning & Wealth Management lifted its stake in iShares Core S&P 500 ETF by 2.9% in the 4th quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 539 shares of the company’s stock worth $369,000 after purchasing an additional 15 shares in the last quarter. Finally, Gratus Wealth Advisors LLC lifted its stake in iShares Core S&P 500 ETF by 0.3% in the 4th quarter. Gratus Wealth Advisors LLC now owns 4,776 shares of the company’s stock worth $3,272,000 after purchasing an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Price Performance

NYSEARCA:IVV traded up $3.06 during trading hours on Friday, hitting $758.11. The stock had a trading volume of 4,650,916 shares, compared to its average volume of 8,617,790. The company has a 50 day simple moving average of $746.21 and a two-hundred day simple moving average of $707.12. iShares Core S&P 500 ETF has a one year low of $621.05 and a one year high of $764.00. The firm has a market capitalization of $895.93 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00.

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.