iShares Core S&P 500 ETF $IVV is FFT Wealth Management LLC’s Largest Position

FFT Wealth Management LLC trimmed its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 14.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 141,372 shares of the company’s stock after selling 24,455 shares during the period. iShares Core S&P 500 ETF makes up 18.4% of FFT Wealth Management LLC’s investment portfolio, making the stock its largest holding. FFT Wealth Management LLC’s holdings in iShares Core S&P 500 ETF were worth $96,832,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. 44 Wealth Management LLC purchased a new position in shares of iShares Core S&P 500 ETF during the fourth quarter valued at approximately $510,000. Churchill Financial Advisors LLC purchased a new position in shares of iShares Core S&P 500 ETF during the fourth quarter valued at approximately $11,267,000. RHL Group LLC purchased a new position in shares of iShares Core S&P 500 ETF during the fourth quarter valued at approximately $168,000. SLT Holdings LLC raised its holdings in shares of iShares Core S&P 500 ETF by 10.2% during the fourth quarter. SLT Holdings LLC now owns 2,338 shares of the company’s stock valued at $1,601,000 after purchasing an additional 217 shares during the last quarter. Finally, HBK Sorce Advisory LLC raised its holdings in shares of iShares Core S&P 500 ETF by 18.3% during the fourth quarter. HBK Sorce Advisory LLC now owns 15,571 shares of the company’s stock valued at $10,803,000 after purchasing an additional 2,413 shares during the last quarter. 70.12% of the stock is owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Price Performance

IVV opened at $749.14 on Monday. The firm has a 50 day moving average price of $697.42 and a 200-day moving average price of $690.29. iShares Core S&P 500 ETF has a twelve month low of $578.31 and a twelve month high of $753.02. The stock has a market capitalization of $827.24 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.