Tortoise Investment Management LLC Sells 4,601 Shares of iShares Core S&P 500 ETF $IVV

Tortoise Investment Management LLC lessened its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 147,003 shares of the company’s stock after selling 4,601 shares during the quarter. iShares Core S&P 500 ETF accounts for 8.8% of Tortoise Investment Management LLC’s investment portfolio, making the stock its biggest position. Tortoise Investment Management LLC’s holdings in iShares Core S&P 500 ETF were worth $100,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares Core S&P 500 ETF by 2.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 33,427,901 shares of the company’s stock worth $22,373,294,000 after purchasing an additional 939,429 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of iShares Core S&P 500 ETF by 0.7% during the third quarter. Envestnet Asset Management Inc. now owns 28,570,831 shares of the company’s stock worth $19,122,455,000 after purchasing an additional 201,983 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of iShares Core S&P 500 ETF by 28.5% during the third quarter. Marshall Wace LLP now owns 27,524,315 shares of the company’s stock worth $18,422,024,000 after purchasing an additional 6,101,936 shares in the last quarter. Creative Planning lifted its stake in shares of iShares Core S&P 500 ETF by 2.3% during the third quarter. Creative Planning now owns 22,735,267 shares of the company’s stock worth $15,216,714,000 after purchasing an additional 505,293 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of iShares Core S&P 500 ETF by 3.6% during the third quarter. Jones Financial Companies Lllp now owns 17,201,745 shares of the company’s stock worth $11,437,403,000 after purchasing an additional 601,254 shares in the last quarter. Institutional investors and hedge funds own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Price Performance

Shares of IVV opened at $741.91 on Tuesday. The stock’s 50-day moving average is $692.20 and its two-hundred day moving average is $688.66. The stock has a market cap of $819.25 billion, a PE ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 12 month low of $578.31 and a 12 month high of $753.02.

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.