Summit Investment Advisors Inc. Increases Stock Holdings in iShares Core S&P 500 ETF $IVV

Summit Investment Advisors Inc. increased its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 1.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110,102 shares of the company’s stock after purchasing an additional 1,866 shares during the period. iShares Core S&P 500 ETF makes up about 51.0% of Summit Investment Advisors Inc.’s portfolio, making the stock its 4th biggest holding. Summit Investment Advisors Inc.’s holdings in iShares Core S&P 500 ETF were worth $61,866,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in IVV. Flaharty Asset Management LLC bought a new position in iShares Core S&P 500 ETF during the first quarter worth about $28,000. Lord & Richards Wealth Management LLC bought a new stake in iShares Core S&P 500 ETF during the first quarter worth $31,000. Nvwm LLC lifted its stake in iShares Core S&P 500 ETF by 210.5% during the second quarter. Nvwm LLC now owns 59 shares of the company’s stock worth $37,000 after purchasing an additional 40 shares during the last quarter. Cheviot Value Management LLC acquired a new stake in shares of iShares Core S&P 500 ETF in the 1st quarter valued at $52,000. Finally, Hager Investment Management Services LLC acquired a new position in shares of iShares Core S&P 500 ETF during the 2nd quarter worth $61,000. 70.12% of the stock is currently owned by institutional investors.

iShares Core S&P 500 ETF Stock Up 0.1%

NYSEARCA:IVV opened at $674.34 on Friday. The stock’s 50-day simple moving average is $668.29 and its 200 day simple moving average is $630.11. The firm has a market capitalization of $707.72 billion, a PE ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a twelve month low of $484.00 and a twelve month high of $693.07.

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.