Van Diest Capital LLC Lowers Stock Position in iShares Core S&P 500 ETF $IVV

Van Diest Capital LLC lessened its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 25.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,965 shares of the ETF’s stock after selling 685 shares during the period. iShares Core S&P 500 ETF accounts for approximately 1.0% of Van Diest Capital LLC’s holdings, making the stock its 23rd biggest position. Van Diest Capital LLC’s holdings in iShares Core S&P 500 ETF were worth $1,283,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of IVV. Keenan LLC purchased a new position in iShares Core S&P 500 ETF during the 4th quarter valued at about $26,000. Punch & Associates Investment Management Inc. boosted its stake in iShares Core S&P 500 ETF by 50.0% during the first quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock worth $27,000 after acquiring an additional 14 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in iShares Core S&P 500 ETF during the fourth quarter worth about $29,000. GS Investments Inc. grew its holdings in iShares Core S&P 500 ETF by 83.3% in the fourth quarter. GS Investments Inc. now owns 44 shares of the ETF’s stock worth $30,000 after purchasing an additional 20 shares during the period. Finally, Palouse Capital Management Inc. purchased a new stake in iShares Core S&P 500 ETF in the fourth quarter worth about $38,000. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Performance

Shares of NYSEARCA IVV opened at $742.36 on Friday. iShares Core S&P 500 ETF has a fifty-two week low of $622.31 and a fifty-two week high of $764.00. The company has a 50 day simple moving average of $748.47 and a two-hundred day simple moving average of $711.34. The company has a market capitalization of $869.34 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00.

Key Headlines Impacting iShares Core S&P 500 ETF

Here are the key news stories impacting iShares Core S&P 500 ETF this week:

• Negative Sentiment: The S&P 500 ended a choppy week in the red, falling 0.6% and logging a second straight weekly decline, which can weigh on IVV because it mirrors the index. S&P 500 Snapshot: Index Ends Choppy Week in the Red
• Negative Sentiment: Rising Treasury yields and a spike in oil prices have pressured stocks, with traders watching for more volatility and possible further downside in the S&P 500. S&P 500 Slides as Rising Treasury Yields Pressure Stocks
• Negative Sentiment: Options traders are eyeing key “risk pivot” levels as the S&P 500 sells off, suggesting markets remain fragile and could stay choppy near term. As the S&P 500 sells off, traders eye key ‘risk pivot’ level
• Neutral Sentiment: Friday’s U.S. trading session was mixed, with the Dow supported by Apple while semiconductor weakness held back the broader market, leaving the S&P 500 near flat on the day. Dow gains as Apple offsets chip weakness, S&P 500 closes near flat
• Neutral Sentiment: Commentary on BlackRock’s iShares franchise and broad S&P 500 exposure highlights the ETF’s size and popularity, but does not indicate a direct catalyst for IVV’s price. Inside the Success of BlackRock’s iShares ETFs

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.