The Manufacturers Life Insurance Company Cuts Position in iShares Core S&P 500 ETF $IVV

The Manufacturers Life Insurance Company reduced its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 86.1% in the first quarter, HoldingsChannel reports. The firm owned 61,105 shares of the ETF’s stock after selling 379,361 shares during the period. The Manufacturers Life Insurance Company’s holdings in iShares Core S&P 500 ETF were worth $39,914,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Punch & Associates Investment Management Inc. increased its holdings in shares of iShares Core S&P 500 ETF by 50.0% during the first quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock valued at $27,000 after acquiring an additional 14 shares in the last quarter. Wealth Effects LLC grew its stake in iShares Core S&P 500 ETF by 0.4% during the 4th quarter. Wealth Effects LLC now owns 4,276 shares of the ETF’s stock valued at $2,929,000 after purchasing an additional 15 shares during the last quarter. West Wealth Group LLC increased its holdings in shares of 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 valued at $987,000 after purchasing an additional 15 shares during the period. Keeler & Nadler Financial Planning & Wealth Management increased its holdings in shares of iShares Core S&P 500 ETF by 2.9% in the fourth quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 539 shares of the ETF’s stock valued at $369,000 after purchasing an additional 15 shares during the period. Finally, Gratus Wealth Advisors LLC increased its holdings in shares of iShares Core S&P 500 ETF by 0.3% in the fourth quarter. Gratus Wealth Advisors LLC now owns 4,776 shares of the ETF’s stock valued at $3,272,000 after purchasing an additional 15 shares during the period. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Up 1.6%

Shares of NYSEARCA:IVV opened at $745.20 on Friday. iShares Core S&P 500 ETF has a 52-week low of $622.31 and a 52-week high of $764.00. The stock has a market cap of $870.17 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The business has a 50-day moving average price of $748.37 and a 200-day moving average price of $712.81.

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.