London Co. of Virginia Reduces Holdings in iShares Core S&P 500 ETF $IVV

London Co. of Virginia reduced its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 11.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,908 shares of the ETF’s stock after selling 4,791 shares during the quarter. London Co. of Virginia’s holdings in iShares Core S&P 500 ETF were worth $24,117,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Keenan LLC purchased a new stake in shares of iShares Core S&P 500 ETF during the fourth quarter worth $26,000. Punch & Associates Investment Management Inc. lifted its stake in shares of iShares Core S&P 500 ETF by 50.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock worth $27,000 after buying an additional 14 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in shares of iShares Core S&P 500 ETF in the fourth quarter worth about $29,000. GS Investments Inc. boosted its position in iShares Core S&P 500 ETF by 83.3% during the fourth quarter. GS Investments Inc. now owns 44 shares of the ETF’s stock worth $30,000 after acquiring an additional 20 shares during the last quarter. Finally, Palouse Capital Management Inc. acquired a new position in iShares Core S&P 500 ETF during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Trading Up 0.1%

Shares of NYSEARCA IVV opened at $742.36 on Friday. iShares Core S&P 500 ETF has a 12-month low of $622.31 and a 12-month high of $764.00. The stock has a market cap of $869.34 billion, a PE ratio of 25.10 and a beta of 1.00. The company has a 50-day moving average of $748.47 and a 200 day moving average of $711.34.

iShares Core S&P 500 ETF News Roundup

Here are the key news stories impacting iShares Core S&P 500 ETF this week:

• Negative Sentiment: The S&P 500 ended a choppy week in the red, falling 0.6% and logging a second straight weekly decline, which can weigh on IVV because it mirrors the index. S&P 500 Snapshot: Index Ends Choppy Week in the Red
• Negative Sentiment: Rising Treasury yields and a spike in oil prices have pressured stocks, with traders watching for more volatility and possible further downside in the S&P 500. S&P 500 Slides as Rising Treasury Yields Pressure Stocks
• Negative Sentiment: Options traders are eyeing key “risk pivot” levels as the S&P 500 sells off, suggesting markets remain fragile and could stay choppy near term. As the S&P 500 sells off, traders eye key ‘risk pivot’ level
• Neutral Sentiment: Friday’s U.S. trading session was mixed, with the Dow supported by Apple while semiconductor weakness held back the broader market, leaving the S&P 500 near flat on the day. Dow gains as Apple offsets chip weakness, S&P 500 closes near flat
• Neutral Sentiment: Commentary on BlackRock’s iShares franchise and broad S&P 500 exposure highlights the ETF’s size and popularity, but does not indicate a direct catalyst for IVV’s price. Inside the Success of BlackRock’s iShares ETFs

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.