iShares Core S&P 500 ETF $IVV Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 35.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 18,294,669 shares of the ETF’s stock after selling 10,142,991 shares during the period. iShares Core S&P 500 ETF makes up 2.1% of Royal Bank of Canada’s holdings, making the stock its 4th biggest holding. Royal Bank of Canada’s holdings in iShares Core S&P 500 ETF were worth $11,950,261,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of IVV. Corient Private Wealth LLC grew its stake in iShares Core S&P 500 ETF by 400.8% in the fourth quarter. Corient Private Wealth LLC now owns 17,425,305 shares of the ETF’s stock worth $11,935,288,000 after purchasing an additional 13,946,081 shares in the last quarter. Capula Management Ltd increased its holdings in iShares Core S&P 500 ETF by 1,374.6% in the first quarter. Capula Management Ltd now owns 9,094,984 shares of the ETF’s stock valued at $5,940,934,000 after buying an additional 8,478,226 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its stake in iShares Core S&P 500 ETF by 3,927.5% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 8,161,918 shares of the ETF’s stock valued at $5,590,424,000 after buying an additional 7,959,263 shares in the last quarter. Millennium Management LLC raised its stake in iShares Core S&P 500 ETF by 93.3% during the fourth quarter. Millennium Management LLC now owns 14,494,278 shares of the ETF’s stock valued at $9,927,711,000 after buying an additional 6,995,145 shares in the last quarter. Finally, Walleye Capital LLC bought a new position in iShares Core S&P 500 ETF during the 4th quarter worth approximately $4,531,611,000. Institutional investors and hedge funds own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Trading Up 0.2%

Shares of IVV opened at $744.22 on Wednesday. The firm has a market cap of $871.63 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The stock has a 50 day moving average of $748.62 and a 200-day moving average of $712.18. iShares Core S&P 500 ETF has a 52 week low of $622.31 and a 52 week high of $764.00.

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. 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.