KPP Advisory Services LLC Cuts Stock Holdings in iShares Core S&P 500 ETF $IVV

KPP Advisory Services LLC reduced its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 42.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,727 shares of the company’s stock after selling 13,010 shares during the period. iShares Core S&P 500 ETF makes up about 1.7% of KPP Advisory Services LLC’s holdings, making the stock its 12th largest holding. KPP Advisory Services LLC’s holdings in iShares Core S&P 500 ETF were worth $11,580,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of IVV. Keenan LLC purchased a new stake in iShares Core S&P 500 ETF during the 4th quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new position in shares of iShares Core S&P 500 ETF in the 4th quarter valued at about $29,000. GS Investments Inc. boosted its stake in shares of iShares Core S&P 500 ETF by 83.3% in the 4th quarter. GS Investments Inc. now owns 44 shares of the company’s stock valued at $30,000 after buying an additional 20 shares during the period. Palouse Capital Management Inc. purchased a new position in shares of iShares Core S&P 500 ETF in the 4th quarter valued at about $38,000. Finally, Imprint Wealth LLC acquired a new position in shares of iShares Core S&P 500 ETF during the third quarter worth about $39,000. 70.12% of the stock is currently owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Stock Performance

IVV stock opened at $748.43 on Friday. The company’s 50 day moving average price is $742.39 and its 200 day moving average price is $704.53. iShares Core S&P 500 ETF has a fifty-two week low of $620.85 and a fifty-two week high of $764.00. The firm has a market capitalization of $887.34 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00.

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. The component stocks are weighted according to the total float-adjusted market value of their outstanding shares. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.