MBE Wealth Management LLC Has $11.89 Million Stake in iShares Core S&P 500 ETF $IVV

MBE Wealth Management LLC lowered its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 4.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,762 shares of the company’s stock after selling 894 shares during the period. iShares Core S&P 500 ETF accounts for 5.1% of MBE Wealth Management LLC’s portfolio, making the stock its 4th largest position. MBE Wealth Management LLC’s holdings in iShares Core S&P 500 ETF were worth $11,888,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares Core S&P 500 ETF by 3.8% in 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 period. JPMorgan Chase & Co. increased its holdings in iShares Core S&P 500 ETF by 18.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 28,271,587 shares of the company’s stock valued at $17,553,830,000 after purchasing an additional 4,378,977 shares during the period. Creative Planning grew its position in shares of iShares Core S&P 500 ETF by 1.8% in the 2nd quarter. Creative Planning now owns 22,229,974 shares of the company’s stock worth $13,802,591,000 after buying an additional 398,230 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in iShares Core S&P 500 ETF by 0.7% in the second quarter. PNC Financial Services Group Inc. now owns 15,375,370 shares of the company’s stock valued at $9,546,567,000 after acquiring an additional 105,099 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in iShares Core S&P 500 ETF by 56.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 11,955,236 shares of the company’s stock valued at $8,001,639,000 after purchasing an additional 4,301,015 shares during the period. 70.12% of the stock is currently owned by institutional investors.

iShares Core S&P 500 ETF Stock Performance

Shares of NYSEARCA:IVV opened at $695.32 on Friday. The stock has a 50 day moving average price of $684.45 and a 200-day moving average price of $663.72. The firm has a market capitalization of $762.80 billion, a P/E 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 $699.17.

About iShares Core S&P 500 ETF

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.