Financial Alternatives Inc Lowers Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Financial Alternatives Inc lowered its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 7.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 524 shares of the company’s stock after selling 42 shares during the quarter. Financial Alternatives Inc’s holdings in iShares Core S&P 500 ETF were worth $294,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Envestnet Asset Management Inc. raised its holdings in shares of iShares Core S&P 500 ETF by 6.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 35,694,204 shares of the company’s stock valued at $20,056,573,000 after acquiring an additional 2,160,133 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of iShares Core S&P 500 ETF by 1.9% during the 4th quarter. Marshall Wace LLP now owns 23,607,000 shares of the company’s stock valued at $13,896,969,000 after buying an additional 446,000 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of iShares Core S&P 500 ETF by 11.8% during the 4th quarter. Wells Fargo & Company MN now owns 17,852,125 shares of the company’s stock valued at $10,509,189,000 after buying an additional 1,885,907 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of iShares Core S&P 500 ETF by 142.1% during the 4th quarter. Prudential Financial Inc. now owns 11,609,297 shares of the company’s stock valued at $6,834,161,000 after buying an additional 6,813,214 shares in the last quarter. Finally, First Command Advisory Services Inc. raised its holdings in shares of iShares Core S&P 500 ETF by 12.1% during the 1st quarter. First Command Advisory Services Inc. now owns 9,941,646 shares of the company’s stock valued at $5,586,986,000 after buying an additional 1,070,974 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 0.4%

Shares of NYSEARCA IVV opened at $624.99 on Wednesday. The stock has a market cap of $629.11 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 1-year low of $484.00 and a 1-year high of $630.86. The stock’s 50-day moving average is $602.32 and its 200 day moving average is $584.99.

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.