Burke & Herbert Bank & Trust Co. Decreases Stock Position in iShares Core S&P 500 ETF $IVV

Burke & Herbert Bank & Trust Co. cut its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 0.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 11,194 shares of the company’s stock after selling 36 shares during the period. iShares Core S&P 500 ETF makes up 1.6% of Burke & Herbert Bank & Trust Co.’s investment portfolio, making the stock its 12th largest position. Burke & Herbert Bank & Trust Co.’s holdings in iShares Core S&P 500 ETF were worth $6,950,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Flaharty Asset Management LLC bought a new position in shares of iShares Core S&P 500 ETF during the first quarter valued at $28,000. Lord & Richards Wealth Management LLC purchased a new position in iShares Core S&P 500 ETF in the 1st quarter worth about $31,000. Cheviot Value Management LLC bought a new position in iShares Core S&P 500 ETF during the 1st quarter valued at about $52,000. Hager Investment Management Services LLC purchased a new stake in shares of iShares Core S&P 500 ETF during the 2nd quarter valued at about $61,000. Finally, Rice Partnership LLC grew its stake in shares of iShares Core S&P 500 ETF by 460.0% in the second quarter. Rice Partnership LLC now owns 112 shares of the company’s stock worth $70,000 after acquiring an additional 92 shares during the period. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Up 0.8%

IVV opened at $680.52 on Friday. The stock has a market capitalization of $713.66 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The firm has a 50 day moving average price of $660.89 and a 200-day moving average price of $619.75. iShares Core S&P 500 ETF has a twelve month low of $484.00 and a twelve month high of $681.80.

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.