Eley Financial Management Inc Has $24.81 Million Stake in iShares Core S&P 500 ETF $IVV

Eley Financial Management Inc cut its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 3.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,988 shares of the ETF’s stock after selling 1,360 shares during the quarter. iShares Core S&P 500 ETF accounts for about 8.7% of Eley Financial Management Inc’s investment portfolio, making the stock its 2nd largest holding. Eley Financial Management Inc’s holdings in iShares Core S&P 500 ETF were worth $24,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Keenan LLC purchased a new position in shares of iShares Core S&P 500 ETF in the fourth quarter worth $26,000. Punch & Associates Investment Management Inc. boosted its position in iShares Core S&P 500 ETF by 50.0% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock valued at $27,000 after buying an additional 14 shares during the period. Decker Retirement Planning Inc. purchased a new stake in iShares Core S&P 500 ETF during the 4th quarter valued at $29,000. GS Investments Inc. boosted its position in iShares Core S&P 500 ETF by 83.3% during the 4th quarter. GS Investments Inc. now owns 44 shares of the ETF’s stock valued at $30,000 after buying an additional 20 shares during the period. Finally, Palouse Capital Management Inc. bought a new stake in iShares Core S&P 500 ETF in the 4th quarter worth $38,000. 70.12% of the stock is currently owned by institutional investors.

iShares Core S&P 500 ETF Trading Up 1.6%

IVV stock opened at $745.20 on Friday. The firm’s 50-day moving average price is $748.37 and its two-hundred day moving average price is $712.81. 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 capitalization of $870.17 billion, a price-to-earnings 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.