iShares Core S&P 500 ETF $IVV is NewEdge Advisors LLC’s 4th Largest Position

NewEdge Advisors LLC cut its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 20.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 650,508 shares of the company’s stock after selling 165,771 shares during the period. iShares Core S&P 500 ETF comprises about 2.1% of NewEdge Advisors LLC’s holdings, making the stock its 4th biggest position. NewEdge Advisors LLC’s holdings in iShares Core S&P 500 ETF were worth $403,901,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its holdings in iShares Core S&P 500 ETF by 3.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 32,488,472 shares of the company’s stock worth $20,172,093,000 after buying an additional 1,190,963 shares during the last quarter. JPMorgan Chase & Co. increased its position in iShares Core S&P 500 ETF by 18.3% in the second quarter. JPMorgan Chase & Co. now owns 28,271,587 shares of the company’s stock worth $17,553,830,000 after buying an additional 4,378,977 shares during the last quarter. New Vernon Capital Holdings II LLC lifted its holdings in iShares Core S&P 500 ETF by 53,779.2% during the first quarter. New Vernon Capital Holdings II LLC now owns 24,775,295 shares of the company’s stock valued at $13,921,238,000 after purchasing an additional 24,729,312 shares during the last quarter. Creative Planning raised its holdings in iShares Core S&P 500 ETF by 1.8% during the 2nd quarter. Creative Planning now owns 22,229,974 shares of the company’s stock valued at $13,802,591,000 after acquiring an additional 398,230 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in iShares Core S&P 500 ETF by 0.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 15,375,370 shares of the company’s stock worth $9,546,567,000 after purchasing an additional 105,099 shares during the period. 70.12% of the stock is owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Stock Performance

NYSEARCA:IVV opened at $686.51 on Wednesday. The stock has a fifty day moving average of $676.91 and a 200 day moving average of $647.70. The firm has a market capitalization of $720.49 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 52-week low of $484.00 and a 52-week high of $693.07.

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.