Kovack Advisors Inc. Sells 28,022 Shares of iShares Core S&P 500 ETF $IVV

Kovack Advisors Inc. cut its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 42.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,029 shares of the company’s stock after selling 28,022 shares during the quarter. iShares Core S&P 500 ETF accounts for about 2.4% of Kovack Advisors Inc.’s portfolio, making the stock its 7th largest position. Kovack Advisors Inc.’s holdings in iShares Core S&P 500 ETF were worth $25,453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IVV. Nvwm LLC boosted its holdings in shares of iShares Core S&P 500 ETF by 210.5% during the 2nd quarter. Nvwm LLC now owns 59 shares of the company’s stock valued at $37,000 after acquiring an additional 40 shares in the last quarter. Winnow Wealth LLC bought a new position in iShares Core S&P 500 ETF in the third quarter valued at about $61,000. Conquis Financial LLC acquired a new stake in shares of iShares Core S&P 500 ETF during the third quarter valued at about $82,000. Your Advocates Ltd. LLP grew its holdings in shares of iShares Core S&P 500 ETF by 51.6% during the second quarter. Your Advocates Ltd. LLP now owns 138 shares of the company’s stock worth $86,000 after purchasing an additional 47 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of iShares Core S&P 500 ETF during the second quarter worth about $92,000. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Price Performance

Shares of NYSEARCA IVV opened at $687.68 on Friday. iShares Core S&P 500 ETF has a 1 year low of $484.00 and a 1 year high of $700.97. The firm has a market cap of $755.90 billion, a PE ratio of 25.10 and a beta of 1.00. The company has a 50 day simple moving average of $690.33 and a 200 day simple moving average of $674.42.

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.