49 Wealth Management LLC Has $4.74 Million Holdings in iShares Core S&P 500 ETF $IVV

49 Wealth Management LLC decreased its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 4.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,640 shares of the company’s stock after selling 348 shares during the quarter. iShares Core S&P 500 ETF accounts for approximately 0.5% of 49 Wealth Management LLC’s holdings, making the stock its 27th biggest position. 49 Wealth Management LLC’s holdings in iShares Core S&P 500 ETF were worth $4,744,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IVV. Flaharty Asset Management LLC bought a new stake in iShares Core S&P 500 ETF in the first quarter worth approximately $28,000. Lord & Richards Wealth Management LLC bought a new position in iShares Core S&P 500 ETF during the first quarter valued at about $31,000. Nvwm LLC lifted its holdings in iShares Core S&P 500 ETF by 210.5% in the 2nd quarter. Nvwm LLC now owns 59 shares of the company’s stock worth $37,000 after purchasing an additional 40 shares during the last quarter. Cheviot Value Management LLC bought a new stake in iShares Core S&P 500 ETF during the first quarter worth approximately $52,000. Finally, Hager Investment Management Services LLC bought a new stake in shares of iShares Core S&P 500 ETF during the 2nd quarter worth $61,000. 70.12% of the stock is owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Stock Up 0.1%

IVV opened at $674.34 on Monday. iShares Core S&P 500 ETF has a 12-month low of $484.00 and a 12-month high of $693.07. The firm has a market capitalization of $707.72 billion, a P/E ratio of 25.10 and a beta of 1.00. The stock’s 50 day moving average price is $668.29 and its two-hundred day moving average price is $631.47.

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.