Mechanics Financial Corp Raises Stock Holdings in iShares Core S&P 500 ETF $IVV

Mechanics Financial Corp boosted its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 5.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,525 shares of the company’s stock after acquiring an additional 771 shares during the quarter. iShares Core S&P 500 ETF accounts for 3.7% of Mechanics Financial Corp’s holdings, making the stock its 6th largest holding. Mechanics Financial Corp’s holdings in iShares Core S&P 500 ETF were worth $9,722,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. increased its position in iShares Core S&P 500 ETF by 18.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 28,271,587 shares of the company’s stock valued at $17,553,830,000 after acquiring an additional 4,378,977 shares during the period. Nisa Investment Advisors LLC grew its position in shares of iShares Core S&P 500 ETF by 56.2% in 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 buying an additional 4,301,015 shares during the last quarter. Laurel Wealth Advisors LLC raised its position in shares of iShares Core S&P 500 ETF by 63,164.8% during the second quarter. Laurel Wealth Advisors LLC now owns 2,748,222 shares of the company’s stock worth $1,706,371,000 after acquiring an additional 2,743,878 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of iShares Core S&P 500 ETF by 203.5% in the third quarter. Allianz Asset Management GmbH now owns 2,428,267 shares of the company’s stock worth $1,625,239,000 after acquiring an additional 1,628,276 shares during the period. Finally, Soundwatch Capital LLC boosted its holdings in iShares Core S&P 500 ETF by 474.9% in the second quarter. Soundwatch Capital LLC now owns 1,507,952 shares of the company’s stock valued at $936,287,000 after acquiring an additional 1,245,649 shares during the last quarter. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Performance

Shares of NYSEARCA IVV opened at $695.15 on Wednesday. The company’s 50 day moving average price is $690.52 and its 200-day moving average price is $672.39. iShares Core S&P 500 ETF has a 52-week low of $484.00 and a 52-week high of $700.97. The company has a market capitalization of $764.11 billion, a P/E 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.