iShares S&P 500 ETF (NYSEARCA:IVV) Position Increased by TFC Financial Management

TFC Financial Management increased its position in shares of iShares S&P 500 ETF (NYSEARCA:IVV) by 5.5% during the first quarter, Holdings Channel reports. The institutional investor owned 210,810 shares of the company’s stock after buying an additional 10,918 shares during the quarter. iShares S&P 500 ETF comprises about 33.1% of TFC Financial Management’s portfolio, making the stock its largest holding. TFC Financial Management’s holdings in iShares S&P 500 ETF were worth $83,865,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. increased its stake in shares of iShares S&P 500 ETF by 9.5% during the fourth quarter. Meeder Asset Management Inc. now owns 311 shares of the company’s stock worth $117,000 after buying an additional 27 shares during the period. Shilanski & Associates Inc. boosted its holdings in iShares S&P 500 ETF by 1.0% in the first quarter. Shilanski & Associates Inc. now owns 2,733 shares of the company’s stock valued at $1,087,000 after purchasing an additional 27 shares in the last quarter. Raub Brock Capital Management LP boosted its holdings in iShares S&P 500 ETF by 4.8% in the first quarter. Raub Brock Capital Management LP now owns 595 shares of the company’s stock valued at $237,000 after purchasing an additional 27 shares in the last quarter. Ipswich Investment Management Co. Inc. boosted its holdings in iShares S&P 500 ETF by 0.8% in the first quarter. Ipswich Investment Management Co. Inc. now owns 3,488 shares of the company’s stock valued at $1,388,000 after purchasing an additional 28 shares in the last quarter. Finally, Usca Ria LLC boosted its holdings in iShares S&P 500 ETF by 0.5% in the fourth quarter. Usca Ria LLC now owns 6,312 shares of the company’s stock valued at $2,369,000 after purchasing an additional 30 shares in the last quarter.

IVV traded down $3.68 on Wednesday, reaching $412.19. The company’s stock had a trading volume of 190,476 shares, compared to its average volume of 4,495,612. The stock has a 50 day moving average of $411.33 and a two-hundred day moving average of $383.10. iShares S&P 500 ETF has a fifty-two week low of $275.00 and a fifty-two week high of $424.43.

iShares 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.

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Institutional Ownership by Quarter for iShares S&P 500 ETF (NYSEARCA:IVV)

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