iShares Core S&P 500 ETF $IVV is Portland Global Advisors LLC’s 5th Largest Position

Portland Global Advisors LLC lessened its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,649 shares of the company’s stock after selling 989 shares during the period. iShares Core S&P 500 ETF comprises approximately 4.7% of Portland Global Advisors LLC’s investment portfolio, making the stock its 5th largest holding. Portland Global Advisors LLC’s holdings in iShares Core S&P 500 ETF were worth $39,520,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in IVV. Beutel Goodman & Co Ltd. acquired a new stake in shares of iShares Core S&P 500 ETF during the 2nd quarter valued at about $660,000. Great Diamond Partners LLC acquired a new stake in iShares Core S&P 500 ETF in the 2nd quarter valued at $402,000. First Trust Advisors LP increased its holdings in iShares Core S&P 500 ETF by 43.1% in the 2nd quarter. First Trust Advisors LP now owns 6,989 shares of the company’s stock worth $4,340,000 after acquiring an additional 2,105 shares in the last quarter. Guggenheim Capital LLC raised its position in iShares Core S&P 500 ETF by 95.7% during the second quarter. Guggenheim Capital LLC now owns 82,471 shares of the company’s stock worth $51,206,000 after acquiring an additional 40,321 shares during the period. Finally, McGowan Group Asset Management Inc. purchased a new position in iShares Core S&P 500 ETF during the second quarter valued at $204,000. 70.12% of the stock is owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Stock Up 0.1%

IVV stock opened at $687.85 on Friday. The stock has a market capitalization of $721.90 billion, a P/E ratio of 25.10 and a beta of 1.00. The firm has a 50-day simple moving average of $675.67 and a 200-day simple moving average of $644.84. iShares Core S&P 500 ETF has a 52 week low of $484.00 and a 52 week high of $693.07.

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.