Cypress Capital Group Cuts Holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Cypress Capital Group lessened its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 1.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 89,243 shares of the company’s stock after selling 1,733 shares during the quarter. iShares Core S&P 500 ETF makes up approximately 5.8% of Cypress Capital Group’s investment portfolio, making the stock its biggest holding. Cypress Capital Group’s holdings in iShares Core S&P 500 ETF were worth $51,477,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of IVV. Envestnet Asset Management Inc. lifted its position in shares of iShares Core S&P 500 ETF by 21.3% during the second quarter. Envestnet Asset Management Inc. now owns 36,046,952 shares of the company’s stock worth $19,725,973,000 after purchasing an additional 6,319,531 shares during the last quarter. Marshall Wace LLP increased its stake in iShares Core S&P 500 ETF by 34.5% in the 2nd quarter. Marshall Wace LLP now owns 22,513,000 shares of the company’s stock worth $12,319,789,000 after buying an additional 5,774,400 shares during the period. Creative Planning lifted its holdings in iShares Core S&P 500 ETF by 1.2% during the 3rd quarter. Creative Planning now owns 21,368,471 shares of the company’s stock valued at $12,325,761,000 after buying an additional 257,499 shares in the last quarter. Bank of New York Mellon Corp boosted its position in iShares Core S&P 500 ETF by 1.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 13,683,639 shares of the company’s stock valued at $7,488,098,000 after buying an additional 237,585 shares during the period. Finally, International Assets Investment Management LLC grew its stake in iShares Core S&P 500 ETF by 67,668.9% in the 3rd quarter. International Assets Investment Management LLC now owns 10,247,335 shares of the company’s stock worth $5,910,868,000 after acquiring an additional 10,232,214 shares in the last quarter.

iShares Core S&P 500 ETF Stock Performance

iShares Core S&P 500 ETF stock opened at $593.44 on Thursday. iShares Core S&P 500 ETF has a fifty-two week low of $454.06 and a fifty-two week high of $603.09. The company has a market capitalization of $512.08 billion, a PE ratio of 25.23 and a beta of 0.99. The company has a 50 day moving average price of $580.94 and a 200-day moving average price of $557.68.

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.