iShares Core S&P 500 ETF Sees Unusually High Options Volume (NYSEARCA:IVV)

iShares Core S&P 500 ETF (NYSEARCA:IVV) was the recipient of some unusual options trading activity on Tuesday. Traders acquired 7,119 call options on the stock. This represents an increase of approximately 320% compared to the typical daily volume of 1,695 call options.

Institutional Investors Weigh In On iShares Core S&P 500 ETF

Hedge funds have recently added to or reduced their stakes in the company. Sapient Capital LLC raised its holdings in shares of iShares Core S&P 500 ETF by 23.4% during the 1st quarter. Sapient Capital LLC now owns 22,164 shares of the company’s stock valued at $14,478,000 after buying an additional 4,207 shares in the last quarter. Western Wealth Management LLC grew its position in iShares Core S&P 500 ETF by 35.5% during the first quarter. Western Wealth Management LLC now owns 44,876 shares of the company’s stock valued at $29,313,000 after acquiring an additional 11,755 shares during the last quarter. AMS Capital Ltda raised its stake in shares of iShares Core S&P 500 ETF by 46.3% during the first quarter. AMS Capital Ltda now owns 72,302 shares of the company’s stock worth $47,228,000 after acquiring an additional 22,888 shares in the last quarter. Steelhead Wealth Management LLC purchased a new position in shares of iShares Core S&P 500 ETF during the first quarter worth approximately $1,262,000. Finally, J. R. Prunier Capital Management LLC lifted its holdings in shares of iShares Core S&P 500 ETF by 13.6% in the 1st quarter. J. R. Prunier Capital Management LLC now owns 9,845 shares of the company’s stock worth $6,431,000 after acquiring an additional 1,176 shares during the last quarter. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Down 0.9%

Shares of NYSEARCA IVV traded down $6.89 during mid-day trading on Tuesday, reaching $740.89. 1,539,613 shares of the company were exchanged, compared to its average volume of 8,589,374. iShares Core S&P 500 ETF has a 52 week low of $606.31 and a 52 week high of $764.00. The company’s 50 day moving average price is $735.30 and its 200 day moving average price is $701.23. The stock has a market capitalization of $818.13 billion, a PE ratio of 25.10 and a beta of 1.00.

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.