Sovereign Financial Group Inc. Decreases Stake in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Sovereign Financial Group Inc. cut its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 7.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,705 shares of the company’s stock after selling 2,209 shares during the period. iShares Core S&P 500 ETF accounts for approximately 3.7% of Sovereign Financial Group Inc.’s portfolio, making the stock its 6th largest holding. Sovereign Financial Group Inc.’s holdings in iShares Core S&P 500 ETF were worth $16,129,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Windsor Advisory Group LLC increased its position in shares of iShares Core S&P 500 ETF by 100.0% in the fourth quarter. Windsor Advisory Group LLC now owns 50 shares of the company’s stock worth $29,000 after purchasing an additional 25 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of iShares Core S&P 500 ETF in the fourth quarter worth approximately $30,000. Sellwood Investment Partners LLC bought a new position in shares of iShares Core S&P 500 ETF in the fourth quarter worth approximately $32,000. Investment Counsel Co. of Nevada bought a new position in shares of iShares Core S&P 500 ETF in the fourth quarter worth approximately $33,000. Finally, Advantage Trust Co bought a new position in shares of iShares Core S&P 500 ETF in the fourth quarter worth approximately $36,000.

iShares Core S&P 500 ETF Trading Up 1.0%

IVV stock opened at $602.00 on Friday. The company’s 50 day moving average is $561.94 and its 200 day moving average is $583.04. The stock has a market cap of $591.07 billion, a price-to-earnings ratio of 25.71 and a beta of 1.01. iShares Core S&P 500 ETF has a 1-year low of $484.00 and a 1-year high of $616.22.

iShares Core S&P 500 ETF Company 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.