Meritage Portfolio Management Has $12.02 Million Position in iShares Core S&P 500 ETF $IVV

Meritage Portfolio Management cut its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 17.5% during the second quarter, Holdings Channel reports. The fund owned 19,361 shares of the company’s stock after selling 4,115 shares during the quarter. iShares Core S&P 500 ETF comprises about 0.8% of Meritage Portfolio Management’s holdings, making the stock its 28th biggest holding. Meritage Portfolio Management’s holdings in iShares Core S&P 500 ETF were worth $12,021,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Johnson Bixby & Associates LLC lifted its position in shares of iShares Core S&P 500 ETF by 1.2% during the 2nd quarter. Johnson Bixby & Associates LLC now owns 1,403 shares of the company’s stock valued at $871,000 after acquiring an additional 16 shares during the period. Activest Wealth Management lifted its position in shares of iShares Core S&P 500 ETF by 1.5% during the 1st quarter. Activest Wealth Management now owns 1,144 shares of the company’s stock valued at $643,000 after acquiring an additional 17 shares during the period. Greenfield Savings Bank lifted its position in shares of iShares Core S&P 500 ETF by 2.0% during the 2nd quarter. Greenfield Savings Bank now owns 869 shares of the company’s stock valued at $540,000 after acquiring an additional 17 shares during the period. Next Level Private LLC lifted its position in shares of iShares Core S&P 500 ETF by 1.6% during the 2nd quarter. Next Level Private LLC now owns 1,089 shares of the company’s stock valued at $676,000 after acquiring an additional 17 shares during the period. Finally, Defined Financial Planning LLC lifted its position in shares of iShares Core S&P 500 ETF by 3.7% during the 2nd quarter. Defined Financial Planning LLC now owns 480 shares of the company’s stock valued at $300,000 after acquiring an additional 17 shares during the period. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Performance

NYSEARCA:IVV opened at $665.48 on Wednesday. iShares Core S&P 500 ETF has a fifty-two week low of $484.00 and a fifty-two week high of $677.20. The company has a market cap of $694.79 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The stock has a fifty day moving average price of $656.16 and a 200-day moving average price of $611.89.

About iShares Core S&P 500 ETF

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.