Summit Global Investments Decreases Stock Position in iShares Core S&P 500 ETF $IVV

Summit Global Investments trimmed its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 45.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,652 shares of the company’s stock after selling 1,395 shares during the period. Summit Global Investments’ holdings in iShares Core S&P 500 ETF were worth $1,106,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares Core S&P 500 ETF by 3.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 32,488,472 shares of the company’s stock valued at $20,172,093,000 after acquiring an additional 1,190,963 shares during the last quarter. JPMorgan Chase & Co. lifted its position in iShares Core S&P 500 ETF by 18.3% during the second quarter. JPMorgan Chase & Co. now owns 28,271,587 shares of the company’s stock valued at $17,553,830,000 after purchasing an additional 4,378,977 shares during the period. Creative Planning boosted its holdings in iShares Core S&P 500 ETF by 1.8% in the second quarter. Creative Planning now owns 22,229,974 shares of the company’s stock worth $13,802,591,000 after purchasing an additional 398,230 shares during the last quarter. PNC Financial Services Group Inc. grew its position in iShares Core S&P 500 ETF by 0.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 15,375,370 shares of the company’s stock worth $9,546,567,000 after purchasing an additional 105,099 shares during the period. Finally, Bank of New York Mellon Corp grew its position in iShares Core S&P 500 ETF by 0.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 13,440,510 shares of the company’s stock worth $8,995,733,000 after purchasing an additional 90,223 shares during the period. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Price Performance

NYSEARCA IVV opened at $695.03 on Friday. The business’s fifty day moving average price is $689.02 and its 200-day moving average price is $668.92. The stock has a market capitalization of $761.58 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 $700.97.

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.