Envestnet Portfolio Solutions Inc. Raises Holdings in iShares Core S&P 500 ETF $IVV

Envestnet Portfolio Solutions Inc. lifted its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 66.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,008,278 shares of the ETF’s stock after buying an additional 799,154 shares during the period. iShares Core S&P 500 ETF comprises about 6.6% of Envestnet Portfolio Solutions Inc.’s investment portfolio, making the stock its largest holding. Envestnet Portfolio Solutions Inc. owned 0.18% of iShares Core S&P 500 ETF worth $1,503,980,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IVV. Blalock Williams LLC raised its stake in shares of iShares Core S&P 500 ETF by 74.9% during the 2nd quarter. Blalock Williams LLC now owns 16,650 shares of the ETF’s stock worth $12,469,000 after purchasing an additional 7,130 shares in the last quarter. FDx Advisors Inc. increased its holdings in iShares Core S&P 500 ETF by 40.7% during the fourth quarter. FDx Advisors Inc. now owns 13,997 shares of the ETF’s stock worth $9,587,000 after buying an additional 4,051 shares during the last quarter. Cornerstone Planning Group LLC increased its holdings in iShares Core S&P 500 ETF by 55.6% during the first quarter. Cornerstone Planning Group LLC now owns 17,958 shares of the ETF’s stock worth $11,730,000 after buying an additional 6,417 shares during the last quarter. Compass Financial Management LLC bought a new stake in iShares Core S&P 500 ETF during the second quarter worth $3,601,000. Finally, Highland Investment Advisors LLC bought a new stake in iShares Core S&P 500 ETF during the second quarter worth $5,914,000. 70.12% of the stock is currently owned by institutional investors.

iShares Core S&P 500 ETF Price Performance

IVV stock traded down $5.60 during trading hours on Wednesday, reaching $771.21. The stock had a trading volume of 8,406,865 shares, compared to its average volume of 8,008,580. The stock has a 50-day simple moving average of $764.41 and a 200 day simple moving average of $733.83. iShares Core S&P 500 ETF has a fifty-two week low of $632.14 and a fifty-two week high of $783.09. The stock has a market capitalization of $844.44 billion, a PE ratio of 25.10 and a beta of 1.00.

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. 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.