Koshinski Asset Management Inc. Trims Stake in iShares Core S&P 500 ETF $IVV

Koshinski Asset Management Inc. lowered its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 2.4% during the second quarter, Holdings Channel.com reports. The firm owned 21,327 shares of the company’s stock after selling 515 shares during the period. iShares Core S&P 500 ETF makes up 1.0% of Koshinski Asset Management Inc.’s holdings, making the stock its 18th biggest holding. Koshinski Asset Management Inc.’s holdings in iShares Core S&P 500 ETF were worth $13,242,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its position in iShares Core S&P 500 ETF by 6.4% in the first quarter. Envestnet Asset Management Inc. now owns 35,694,204 shares of the company’s stock valued at $20,056,573,000 after purchasing an additional 2,160,133 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares Core S&P 500 ETF by 2.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 31,297,509 shares of the company’s stock valued at $17,586,070,000 after buying an additional 768,618 shares during the period. New Vernon Capital Holdings II LLC raised its holdings in shares of iShares Core S&P 500 ETF by 53,779.2% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 24,775,295 shares of the company’s stock valued at $13,921,238,000 after buying an additional 24,729,312 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of iShares Core S&P 500 ETF by 31.4% in the 1st quarter. JPMorgan Chase & Co. now owns 23,892,610 shares of the company’s stock valued at $13,425,259,000 after buying an additional 5,708,115 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of iShares Core S&P 500 ETF by 1.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 15,270,271 shares of the company’s stock valued at $8,580,365,000 after buying an additional 146,638 shares during the period. Hedge funds and other institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Trading Up 0.6%

IVV stock opened at $667.69 on Monday. The company has a market capitalization of $697.70 billion, a PE ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 12-month low of $484.00 and a 12-month high of $677.20. The business’s fifty day moving average price is $657.92 and its 200 day moving average price is $614.54.

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.