Modera Wealth Management LLC Trims Holdings in iShares Core S&P 500 ETF $IVV

Modera Wealth Management LLC reduced its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 5.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 243,877 shares of the ETF’s stock after selling 14,590 shares during the quarter. iShares Core S&P 500 ETF accounts for 1.9% of Modera Wealth Management LLC’s investment portfolio, making the stock its 11th largest position. Modera Wealth Management LLC’s holdings in iShares Core S&P 500 ETF were worth $159,303,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in IVV. Corient Private Wealth LLC lifted its stake in iShares Core S&P 500 ETF by 400.8% during the fourth quarter. Corient Private Wealth LLC now owns 17,425,305 shares of the ETF’s stock worth $11,935,288,000 after purchasing an additional 13,946,081 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its position in shares of iShares Core S&P 500 ETF by 3,927.5% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 8,161,918 shares of the ETF’s stock worth $5,590,424,000 after buying an additional 7,959,263 shares during the period. Millennium Management LLC grew its stake in shares of iShares Core S&P 500 ETF by 93.3% in the fourth quarter. Millennium Management LLC now owns 14,494,278 shares of the ETF’s stock valued at $9,927,711,000 after buying an additional 6,995,145 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of iShares Core S&P 500 ETF in the fourth quarter valued at $4,531,611,000. Finally, Marshall Wace LLP grew its stake in shares of iShares Core S&P 500 ETF by 28.5% in the third quarter. Marshall Wace LLP now owns 27,524,315 shares of the ETF’s stock valued at $18,422,024,000 after buying an additional 6,101,936 shares in the last quarter. Hedge funds and other institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Trading Down 1.0%

IVV stock opened at $746.72 on Friday. The business’s fifty day moving average price is $748.30 and its 200 day moving average price is $709.28. 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 market capitalization of $879.71 billion, a PE ratio of 25.10 and a beta of 1.00.

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.