Nova R Wealth Inc. Sells 3,002 Shares of iShares Core S&P 500 ETF $IVV

Nova R Wealth Inc. lessened its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 7.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 37,177 shares of the company’s stock after selling 3,002 shares during the period. iShares Core S&P 500 ETF comprises 9.3% of Nova R Wealth Inc.’s investment portfolio, making the stock its 2nd largest position. Nova R Wealth Inc.’s holdings in iShares Core S&P 500 ETF were worth $25,464,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IVV. Sky Investment Group LLC lifted its position in shares of iShares Core S&P 500 ETF by 11.6% during the 4th quarter. Sky Investment Group LLC now owns 1,490 shares of the company’s stock valued at $1,020,000 after acquiring an additional 155 shares during the period. Redhawk Wealth Advisors Inc. grew its holdings in shares of iShares Core S&P 500 ETF by 14.3% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 10,470 shares of the company’s stock worth $7,171,000 after purchasing an additional 1,310 shares in the last quarter. Baron Wealth Management LLC increased its position in shares of iShares Core S&P 500 ETF by 310.1% in the fourth quarter. Baron Wealth Management LLC now owns 1,419 shares of the company’s stock worth $972,000 after purchasing an additional 1,073 shares during the period. Barnes Dennig Private Wealth Management LLC increased its position in shares of iShares Core S&P 500 ETF by 17.7% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 4,512 shares of the company’s stock worth $3,091,000 after purchasing an additional 680 shares during the period. Finally, Lineweaver Wealth Advisors LLC raised its stake in iShares Core S&P 500 ETF by 1.6% in the fourth quarter. Lineweaver Wealth Advisors LLC now owns 98,653 shares of the company’s stock valued at $67,572,000 after purchasing an additional 1,526 shares in the last quarter. 70.12% of the stock is owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Stock Performance

Shares of NYSEARCA:IVV opened at $636.99 on Monday. The firm has a 50 day moving average of $682.25 and a 200-day moving average of $680.05. The stock has a market capitalization of $700.18 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 $484.00 and a 12 month high of $700.97.

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.