Potentia Wealth Trims Stock Holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Potentia Wealth cut its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 2.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,751 shares of the company’s stock after selling 279 shares during the quarter. iShares Core S&P 500 ETF accounts for about 3.1% of Potentia Wealth’s holdings, making the stock its 8th biggest holding. Potentia Wealth’s holdings in iShares Core S&P 500 ETF were worth $6,603,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in IVV. Alyeska Investment Group L.P. bought a new position in shares of iShares Core S&P 500 ETF during the fourth quarter worth about $3,488,275,000. GAMMA Investing LLC raised its holdings in iShares Core S&P 500 ETF by 65,310.1% during the 1st quarter. GAMMA Investing LLC now owns 4,113,639 shares of the company’s stock worth $2,311,454,000 after purchasing an additional 4,107,350 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its stake in shares of iShares Core S&P 500 ETF by 123.1% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 5,109,775 shares of the company’s stock valued at $3,008,022,000 after purchasing an additional 2,819,065 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of iShares Core S&P 500 ETF by 27.7% during the first quarter. Goldman Sachs Group Inc. now owns 12,472,337 shares of the company’s stock worth $7,008,206,000 after buying an additional 2,703,613 shares during the period. Finally, Wealthspire Advisors LLC raised its stake in iShares Core S&P 500 ETF by 102.8% during the first quarter. Wealthspire Advisors LLC now owns 5,183,932 shares of the company’s stock worth $2,912,851,000 after buying an additional 2,627,461 shares during the last quarter. 70.12% of the stock is owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Stock Up 0.7%

IVV stock opened at $635.79 on Thursday. The firm has a market cap of $640.65 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The company’s fifty day simple moving average is $617.85 and its 200 day simple moving average is $589.76. iShares Core S&P 500 ETF has a 12-month low of $484.00 and a 12-month high of $642.94.

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.