MMA Asset Management LLC lessened its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 60.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,879 shares of the ETF’s stock after selling 5,825 shares during the quarter. iShares Core S&P 500 ETF accounts for approximately 0.9% of MMA Asset Management LLC’s investment portfolio, making the stock its 27th biggest position. MMA Asset Management LLC’s holdings in iShares Core S&P 500 ETF were worth $2,971,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the business. Olistico Wealth LLC bought a new position in iShares Core S&P 500 ETF during the third quarter worth about $25,000. Sawyer & Company Inc bought a new stake in iShares Core S&P 500 ETF in the 3rd quarter valued at about $28,000. Punch & Associates Investment Management Inc. boosted its holdings in iShares Core S&P 500 ETF by 50.0% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock valued at $27,000 after purchasing an additional 14 shares during the period. Virginia Estate & Retirement Planning Advisors Inc. bought a new stake in iShares Core S&P 500 ETF in the 3rd quarter valued at about $32,000. Finally, Allied Private Wealth LLC acquired a new position in shares of iShares Core S&P 500 ETF during the 2nd quarter worth approximately $33,000. 70.12% of the stock is currently owned by institutional investors and hedge funds.
iShares Core S&P 500 ETF Stock Down 4.4%
Shares of NYSEARCA:IVV opened at $736.21 on Friday. iShares Core S&P 500 ETF has a 12-month low of $632.14 and a 12-month high of $785.03. The company’s 50 day moving average price is $769.74 and its two-hundred day moving average price is $733.00. The firm has a market cap of $843.95 billion, a PE ratio of 25.10 and a beta of 1.00.
iShares Core S&P 500 ETF 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.
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