PNC Financial Services Group Inc. Trims Stake in iShares Core S&P 500 ETF $IVV

PNC Financial Services Group Inc. cut its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 0.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,679,384 shares of the ETF’s stock after selling 84,137 shares during the period. iShares Core S&P 500 ETF comprises 5.9% of PNC Financial Services Group Inc.’s holdings, making the stock its 2nd largest holding. PNC Financial Services Group Inc. owned approximately 1.42% of iShares Core S&P 500 ETF worth $10,241,930,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wealth Effects LLC boosted its holdings in shares of iShares Core S&P 500 ETF by 0.4% in the 4th quarter. Wealth Effects LLC now owns 4,276 shares of the ETF’s stock worth $2,929,000 after purchasing an additional 15 shares during the period. West Wealth Group LLC lifted its position in iShares Core S&P 500 ETF by 1.1% in the fourth quarter. West Wealth Group LLC now owns 1,440 shares of the ETF’s stock worth $987,000 after buying an additional 15 shares during the last quarter. Keeler & Nadler Financial Planning & Wealth Management boosted its stake in iShares Core S&P 500 ETF by 2.9% during the fourth quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 539 shares of the ETF’s stock worth $369,000 after buying an additional 15 shares during the period. Gratus Wealth Advisors LLC increased its position in iShares Core S&P 500 ETF by 0.3% during the fourth quarter. Gratus Wealth Advisors LLC now owns 4,776 shares of the ETF’s stock valued at $3,272,000 after acquiring an additional 15 shares during the last quarter. Finally, Bridgewealth Advisory Group LLC raised its stake in shares of iShares Core S&P 500 ETF by 4.6% in the fourth quarter. Bridgewealth Advisory Group LLC now owns 343 shares of the ETF’s stock valued at $235,000 after acquiring an additional 15 shares during the period. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Trading Up 0.9%

IVV stock opened at $751.95 on Wednesday. The stock has a market cap of $887.04 billion, a PE ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 12 month low of $622.31 and a 12 month high of $764.00. The company has a 50-day moving average price of $748.56 and a 200 day moving average price of $710.27.

iShares Core S&P 500 ETF Company 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.