iShares Core S&P 500 ETF $IVV Stock: Tortoise Investment Management LLC Cuts Stake

Tortoise Investment Management LLC lessened its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 141,691 shares of the ETF’s stock after selling 1,246 shares during the period. iShares Core S&P 500 ETF accounts for about 8.1% of Tortoise Investment Management LLC’s investment portfolio, making the stock its biggest holding. Tortoise Investment Management LLC’s holdings in iShares Core S&P 500 ETF were worth $108,514,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of IVV. Citrine Capital LLC raised its holdings in iShares Core S&P 500 ETF by 2.8% during the third quarter. Citrine Capital LLC now owns 474 shares of the ETF’s stock valued at $363,000 after buying an additional 13 shares in the last quarter. Punch & Associates Investment Management Inc. lifted its position in shares of iShares Core S&P 500 ETF by 50.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock worth $27,000 after buying an additional 14 shares during the last quarter. Hidden Cove Wealth Management LLC boosted its stake in shares of iShares Core S&P 500 ETF by 3.5% during the 2nd quarter. Hidden Cove Wealth Management LLC now owns 409 shares of the ETF’s stock worth $306,000 after acquiring an additional 14 shares in the last quarter. IFC & Insurance Marketing Inc. boosted its stake in shares of iShares Core S&P 500 ETF by 3.9% during the 3rd quarter. IFC & Insurance Marketing Inc. now owns 371 shares of the ETF’s stock worth $284,000 after acquiring an additional 14 shares in the last quarter. Finally, Rainey & Randall Wealth Advisors Inc. increased its holdings in shares of iShares Core S&P 500 ETF by 3.0% during the 3rd quarter. Rainey & Randall Wealth Advisors Inc. now owns 481 shares of the ETF’s stock valued at $368,000 after acquiring an additional 14 shares during the last quarter. 70.12% of the stock is currently owned by institutional investors.

iShares Core S&P 500 ETF Stock Performance

Shares of IVV stock opened at $760.78 on Friday. The stock’s 50 day simple moving average is $768.13 and its 200 day simple moving average is $734.62. iShares Core S&P 500 ETF has a twelve month low of $632.14 and a twelve month high of $785.03. The company has a market capitalization of $880.49 billion, a price-to-earnings ratio of 23.48 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.