Royal Bank of Canada Sells 10,142,991 Shares of iShares Core S&P 500 ETF $IVV

Royal Bank of Canada reduced its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 35.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,294,669 shares of the ETF’s stock after selling 10,142,991 shares during the period. iShares Core S&P 500 ETF makes up about 2.1% of Royal Bank of Canada’s investment portfolio, making the stock its 4th biggest holding. Royal Bank of Canada owned approximately 1.66% of iShares Core S&P 500 ETF worth $11,950,261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Punch & Associates Investment Management Inc. grew 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 valued at $27,000 after buying an additional 14 shares in the last quarter. Wealth Effects LLC lifted its position 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 worth $2,929,000 after acquiring an additional 15 shares in the last quarter. West Wealth Group LLC lifted its position in iShares Core S&P 500 ETF by 1.1% during the 4th quarter. West Wealth Group LLC now owns 1,440 shares of the ETF’s stock worth $987,000 after acquiring an additional 15 shares in the last quarter. Keeler & Nadler Financial Planning & Wealth Management lifted its position in shares of iShares Core S&P 500 ETF by 2.9% during the fourth quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 539 shares of the ETF’s stock worth $369,000 after purchasing an additional 15 shares in the last quarter. Finally, Gratus Wealth Advisors LLC boosted its position in iShares Core S&P 500 ETF by 0.3% in the 4th quarter. Gratus Wealth Advisors LLC now owns 4,776 shares of the ETF’s stock valued at $3,272,000 after buying an additional 15 shares during the last quarter. 70.12% of the stock is owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Stock Performance

Shares of IVV opened at $744.22 on Wednesday. iShares Core S&P 500 ETF has a one year low of $622.31 and a one year high of $764.00. The stock has a 50-day moving average price of $748.62 and a 200 day moving average price of $712.18. The company has a market capitalization of $871.63 billion, a P/E ratio of 25.10 and a beta of 1.00.

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.