iShares Core S&P 500 ETF $IVV is Beacon Pointe Advisors LLC’s 6th Largest Position

Beacon Pointe Advisors LLC reduced its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 3.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 285,456 shares of the company’s stock after selling 9,636 shares during the quarter. iShares Core S&P 500 ETF makes up 1.9% of Beacon Pointe Advisors LLC’s portfolio, making the stock its 6th biggest holding. Beacon Pointe Advisors LLC’s holdings in iShares Core S&P 500 ETF were worth $177,240,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC acquired a new stake in shares of iShares Core S&P 500 ETF in the first quarter worth approximately $28,000. Nvwm LLC raised its stake in iShares Core S&P 500 ETF by 210.5% during the second quarter. Nvwm LLC now owns 59 shares of the company’s stock worth $37,000 after purchasing an additional 40 shares during the period. Cheviot Value Management LLC acquired a new position in shares of iShares Core S&P 500 ETF in the 1st quarter valued at $52,000. Hager Investment Management Services LLC acquired a new position in shares of iShares Core S&P 500 ETF in the 2nd quarter valued at $61,000. Finally, Rice Partnership LLC grew its stake in shares of iShares Core S&P 500 ETF by 460.0% during the 2nd quarter. Rice Partnership LLC now owns 112 shares of the company’s stock valued at $70,000 after buying an additional 92 shares during the period. 70.12% of the stock is owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Stock Down 0.5%

IVV stock opened at $683.66 on Tuesday. The company has a market cap of $717.50 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The business has a fifty day simple moving average of $674.32 and a 200-day simple moving average of $643.62. iShares Core S&P 500 ETF has a 52 week low of $484.00 and a 52 week high of $693.07.

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.