Cim Investment Management Inc. Reduces Stake in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Cim Investment Management Inc. lowered its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 8.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,650 shares of the company’s stock after selling 11,274 shares during the period. iShares Core S&P 500 ETF comprises about 20.9% of Cim Investment Management Inc.’s portfolio, making the stock its largest position. Cim Investment Management Inc.’s holdings in iShares Core S&P 500 ETF were worth $67,665,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Smith Thornton Advisors LLC bought a new position in iShares Core S&P 500 ETF in the 2nd quarter valued at $2,496,000. Savvy Advisors Inc. boosted its holdings in shares of iShares Core S&P 500 ETF by 387.8% in the 2nd quarter. Savvy Advisors Inc. now owns 14,196 shares of the company’s stock worth $7,769,000 after buying an additional 11,286 shares during the last quarter. Scientech Research LLC bought a new position in iShares Core S&P 500 ETF during the second quarter valued at about $594,000. Mackenzie Financial Corp increased its holdings in iShares Core S&P 500 ETF by 23.1% during the second quarter. Mackenzie Financial Corp now owns 197,539 shares of the company’s stock worth $108,099,000 after buying an additional 37,063 shares during the last quarter. Finally, Millennium Management LLC raised its position in iShares Core S&P 500 ETF by 54.8% in the second quarter. Millennium Management LLC now owns 6,013,175 shares of the company’s stock worth $3,290,590,000 after acquiring an additional 2,129,220 shares during the period.

iShares Core S&P 500 ETF Stock Down 0.2 %

IVV opened at $574.21 on Friday. The company’s 50-day moving average price is $555.13 and its two-hundred day moving average price is $539.13. iShares Core S&P 500 ETF has a twelve month low of $411.02 and a twelve month high of $577.47. The stock has a market cap of $495.49 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99.

iShares Core S&P 500 ETF 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.