Droms Strauss Advisors Inc. MO ADV lessened its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 83,608 shares of the company’s stock after selling 2,974 shares during the period. iShares Core S&P 500 ETF accounts for about 16.2% of Droms Strauss Advisors Inc. MO ADV’s holdings, making the stock its biggest position. Droms Strauss Advisors Inc. MO ADV’s holdings in iShares Core S&P 500 ETF were worth $55,959,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in IVV. Compass Financial Services Inc increased its holdings in shares of iShares Core S&P 500 ETF by 33.3% in the third quarter. Compass Financial Services Inc now owns 220 shares of the company’s stock valued at $147,000 after purchasing an additional 55 shares during the period. Physician Wealth Advisors Inc. grew its position in iShares Core S&P 500 ETF by 0.6% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 135,468 shares of the company’s stock valued at $90,669,000 after buying an additional 755 shares during the last quarter. Allianz Asset Management GmbH grew its position in iShares Core S&P 500 ETF by 203.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,428,267 shares of the company’s stock valued at $1,625,239,000 after buying an additional 1,628,276 shares during the last quarter. Raleigh Capital Management Inc. increased its stake in iShares Core S&P 500 ETF by 71.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 5,672 shares of the company’s stock valued at $3,796,000 after buying an additional 2,355 shares during the period. Finally, Delta Asset Management LLC TN raised its position in iShares Core S&P 500 ETF by 58.8% during the 3rd quarter. Delta Asset Management LLC TN now owns 1,634 shares of the company’s stock worth $1,094,000 after buying an additional 605 shares during the last quarter. 70.12% of the stock is owned by institutional investors and hedge funds.
iShares Core S&P 500 ETF Stock Up 0.5%
Shares of NYSEARCA:IVV opened at $698.54 on Tuesday. iShares Core S&P 500 ETF has a fifty-two week low of $484.00 and a fifty-two week high of $700.97. The firm’s 50-day simple moving average is $689.55 and its 200-day simple moving average is $670.00. The company has a market cap of $765.98 billion, a price-to-earnings 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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