The Manufacturers Life Insurance Company Trims Holdings in iShares Core S&P 500 ETF $IVV

The Manufacturers Life Insurance Company reduced its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 86.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,105 shares of the ETF’s stock after selling 379,361 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in iShares Core S&P 500 ETF were worth $39,914,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in IVV. Keenan LLC purchased a new stake in shares of iShares Core S&P 500 ETF in the fourth quarter valued at approximately $26,000. Punch & Associates Investment Management Inc. increased its holdings in iShares Core S&P 500 ETF by 50.0% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock worth $27,000 after purchasing an additional 14 shares during the period. Decker Retirement Planning Inc. bought a new stake in iShares Core S&P 500 ETF during the 4th quarter valued at $29,000. GS Investments Inc. raised its position in iShares Core S&P 500 ETF by 83.3% during the 4th quarter. GS Investments Inc. now owns 44 shares of the ETF’s stock valued at $30,000 after purchasing an additional 20 shares in the last quarter. Finally, Palouse Capital Management Inc. purchased a new stake in shares of iShares Core S&P 500 ETF in the 4th quarter worth $38,000. 70.12% of the stock is currently owned by institutional investors.

iShares Core S&P 500 ETF Trading Up 1.6%

IVV opened at $745.20 on Friday. The company has a market capitalization of $870.17 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 12-month low of $622.31 and a 12-month high of $764.00. The business’s fifty day simple moving average is $748.37 and its 200-day simple moving average is $712.81.

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.