Twele Capital Management Inc. Reduces Stock Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Twele Capital Management Inc. trimmed its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,147 shares of the company’s stock after selling 4,621 shares during the quarter. iShares Core S&P 500 ETF comprises approximately 11.7% of Twele Capital Management Inc.’s investment portfolio, making the stock its biggest position. Twele Capital Management Inc.’s holdings in iShares Core S&P 500 ETF were worth $55,423,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Modus Advisors LLC bought a new stake in shares of iShares Core S&P 500 ETF during the 4th quarter worth about $32,000. Safe Harbor Fiduciary LLC acquired a new stake in iShares Core S&P 500 ETF during the third quarter worth approximately $33,000. Cedar Wealth Management LLC boosted its holdings in shares of iShares Core S&P 500 ETF by 139.3% during the third quarter. Cedar Wealth Management LLC now owns 67 shares of the company’s stock worth $39,000 after acquiring an additional 39 shares during the period. Kennebec Savings Bank acquired a new position in shares of iShares Core S&P 500 ETF in the third quarter valued at approximately $40,000. Finally, Brooklyn Investment Group acquired a new stake in iShares Core S&P 500 ETF during the 3rd quarter worth approximately $42,000.

iShares Core S&P 500 ETF Price Performance

Shares of NYSEARCA IVV opened at $594.62 on Friday. iShares Core S&P 500 ETF has a one year low of $472.11 and a one year high of $612.09. The firm has a market cap of $513.10 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99. The stock’s fifty day moving average price is $598.38 and its two-hundred day moving average price is $575.43.

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.