Destination Wealth Management Cuts Stock Position in iShares Core S&P 500 ETF $IVV

Destination Wealth Management lowered its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 113,236 shares of the company’s stock after selling 5,311 shares during the period. iShares Core S&P 500 ETF makes up about 2.0% of Destination Wealth Management’s portfolio, making the stock its 14th largest position. Destination Wealth Management’s holdings in iShares Core S&P 500 ETF were worth $77,560,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IVV. Decker Retirement Planning Inc. purchased a new stake in iShares Core S&P 500 ETF during the 4th quarter worth approximately $29,000. GS Investments Inc. grew its position in iShares Core S&P 500 ETF by 83.3% during the 4th quarter. GS Investments Inc. now owns 44 shares of the company’s stock worth $30,000 after purchasing an additional 20 shares during the last quarter. Palouse Capital Management Inc. purchased a new stake in iShares Core S&P 500 ETF during the 4th quarter worth approximately $38,000. Imprint Wealth LLC purchased a new stake in iShares Core S&P 500 ETF during the 3rd quarter worth approximately $39,000. Finally, Dorato Capital Management purchased a new stake in iShares Core S&P 500 ETF during the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Trading Up 0.6%

NYSEARCA:IVV opened at $745.14 on Friday. The company has a market cap of $822.82 billion, a PE ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a twelve month low of $594.71 and a twelve month high of $764.00. The company’s 50 day moving average is $725.41 and its two-hundred day moving average is $698.23.

About iShares Core S&P 500 ETF

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.