Spire Wealth Management Sells 38,623 Shares of iShares Core S&P 500 ETF (NYSEARCA:IVV)

Spire Wealth Management lessened its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 13.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 240,578 shares of the company’s stock after selling 38,623 shares during the quarter. iShares Core S&P 500 ETF accounts for 4.6% of Spire Wealth Management’s investment portfolio, making the stock its largest position. Spire Wealth Management’s holdings in iShares Core S&P 500 ETF were worth $131,492,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in IVV. Burkett Financial Services LLC purchased a new stake in iShares Core S&P 500 ETF during the fourth quarter worth $31,000. 1620 Investment Advisors Inc. acquired a new position in shares of iShares Core S&P 500 ETF during the 2nd quarter worth $36,000. Thompson Investment Management Inc. purchased a new stake in shares of iShares Core S&P 500 ETF in the 1st quarter worth about $37,000. Covestor Ltd lifted its holdings in shares of iShares Core S&P 500 ETF by 321.1% in the first quarter. Covestor Ltd now owns 80 shares of the company’s stock valued at $42,000 after purchasing an additional 61 shares in the last quarter. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in shares of iShares Core S&P 500 ETF during the fourth quarter valued at $44,000.

iShares Core S&P 500 ETF Stock Performance

iShares Core S&P 500 ETF stock traded up $5.30 during midday trading on Friday, reaching $566.75. 3,016,147 shares of the company were exchanged, compared to its average volume of 5,002,234. The company has a market capitalization of $489.05 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99. The firm’s 50-day simple moving average is $551.83 and its 200-day simple moving average is $531.63. iShares Core S&P 500 ETF has a 1 year low of $411.02 and a 1 year high of $568.24.

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.