iShares Core S&P 500 ETF $IVV Shares Sold by Cornerstone Advisors Asset Management LLC

Cornerstone Advisors Asset Management LLC reduced its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,745 shares of the ETF’s stock after selling 1,541 shares during the quarter. iShares Core S&P 500 ETF makes up approximately 3.6% of Cornerstone Advisors Asset Management LLC’s investment portfolio, making the stock its 6th largest position. Cornerstone Advisors Asset Management LLC’s holdings in iShares Core S&P 500 ETF were worth $32,736,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in IVV. Envestnet Asset Management Inc. raised its holdings in shares of iShares Core S&P 500 ETF by 25.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 41,391,871 shares of the ETF’s stock worth $30,997,946,000 after acquiring an additional 8,432,228 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of iShares Core S&P 500 ETF by 1.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 35,018,846 shares of the ETF’s stock valued at $26,225,264,000 after purchasing an additional 421,146 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of iShares Core S&P 500 ETF by 17.2% in the third quarter. Nisa Investment Advisors LLC now owns 21,395,674 shares of the ETF’s stock valued at $16,380,993,000 after purchasing an additional 3,141,233 shares during the period. Capula Management Ltd grew its holdings in shares of iShares Core S&P 500 ETF by 1,374.6% in the first quarter. Capula Management Ltd now owns 9,094,984 shares of the ETF’s stock valued at $5,940,934,000 after purchasing an additional 8,478,226 shares during the period. Finally, First Command Advisory Services Inc. increased its position in iShares Core S&P 500 ETF by 3.7% during the third quarter. First Command Advisory Services Inc. now owns 9,037,102 shares of the ETF’s stock worth $6,921,065,000 after purchasing an additional 325,070 shares during the last quarter. 70.12% of the stock is currently owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Trading Down 0.4%

iShares Core S&P 500 ETF stock opened at $757.65 on Friday. The company has a 50-day moving average price of $767.74 and a 200 day moving average price of $734.91. iShares Core S&P 500 ETF has a 12-month low of $632.14 and a 12-month high of $785.03. The stock has a market cap of $876.87 billion, a P/E ratio of 23.48 and a beta of 1.00.

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.