iShares Core S&P 500 ETF $IVV Position Cut by Somnio Financial Group LLC

Somnio Financial Group LLC trimmed its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 2.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 57,765 shares of the ETF’s stock after selling 1,255 shares during the period. iShares Core S&P 500 ETF comprises about 26.9% of Somnio Financial Group LLC’s portfolio, making the stock its biggest holding. Somnio Financial Group LLC’s holdings in iShares Core S&P 500 ETF were worth $44,239,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Olistico Wealth LLC bought a new stake in shares of iShares Core S&P 500 ETF during the 3rd quarter worth about $25,000. Sawyer & Company Inc acquired a new position in shares of iShares Core S&P 500 ETF during the 3rd quarter valued at about $28,000. Punch & Associates Investment Management Inc. increased its holdings in shares of iShares Core S&P 500 ETF by 50.0% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock valued at $27,000 after acquiring an additional 14 shares during the last quarter. Virginia Estate & Retirement Planning Advisors Inc. bought a new position in shares of iShares Core S&P 500 ETF in the 3rd quarter valued at approximately $32,000. Finally, Allied Private Wealth LLC bought a new position in shares of iShares Core S&P 500 ETF in the 2nd quarter valued at approximately $33,000. 70.12% of the stock is owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Stock Performance

IVV opened at $772.97 on Friday. The business has a 50 day moving average price of $771.01 and a 200 day moving average price of $731.50. iShares Core S&P 500 ETF has a twelve month low of $632.14 and a twelve month high of $785.03. The firm has a market cap of $885.67 billion, a P/E 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.