Schmidt P J Investment Management Inc. Trims Holdings in iShares Core S&P 500 ETF $IVV

Schmidt P J Investment Management Inc. trimmed its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 7.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,448 shares of the company’s stock after selling 598 shares during the period. Schmidt P J Investment Management Inc.’s holdings in iShares Core S&P 500 ETF were worth $4,185,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IVV. New Vernon Capital Holdings II LLC lifted its holdings in iShares Core S&P 500 ETF by 53,779.2% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 24,775,295 shares of the company’s stock valued at $13,921,238,000 after purchasing an additional 24,729,312 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in iShares Core S&P 500 ETF by 31.4% in the 1st quarter. JPMorgan Chase & Co. now owns 23,892,610 shares of the company’s stock valued at $13,425,259,000 after purchasing an additional 5,708,115 shares in the last quarter. GAMMA Investing LLC lifted its holdings in iShares Core S&P 500 ETF by 65,310.1% in the 1st quarter. GAMMA Investing LLC now owns 4,113,639 shares of the company’s stock valued at $2,311,454,000 after purchasing an additional 4,107,350 shares in the last quarter. Millennium Management LLC lifted its holdings in iShares Core S&P 500 ETF by 67.7% in the 1st quarter. Millennium Management LLC now owns 9,308,270 shares of the company’s stock valued at $5,230,317,000 after purchasing an additional 3,757,143 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in iShares Core S&P 500 ETF by 27.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,472,337 shares of the company’s stock valued at $7,008,206,000 after purchasing an additional 2,703,613 shares in 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 Up 0.2%

NYSEARCA:IVV opened at $653.62 on Wednesday. iShares Core S&P 500 ETF has a 12-month low of $484.00 and a 12-month high of $655.44. The company’s 50-day moving average is $638.36 and its two-hundred day moving average is $596.03. The firm has a market cap of $658.39 billion, a price-to-earnings ratio of 25.10 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.