Drake & Associates LLC Sells 234 Shares of iShares Core S&P 500 ETF $IVV

Drake & Associates LLC decreased its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 10.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,911 shares of the company’s stock after selling 234 shares during the quarter. Drake & Associates LLC’s holdings in iShares Core S&P 500 ETF were worth $1,187,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in IVV. New Vernon Capital Holdings II LLC raised its stake in shares of iShares Core S&P 500 ETF by 53,779.2% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 24,775,295 shares of the company’s stock worth $13,921,238,000 after purchasing an additional 24,729,312 shares during the period. JPMorgan Chase & Co. raised its stake in shares of iShares Core S&P 500 ETF by 31.4% during the 1st quarter. JPMorgan Chase & Co. now owns 23,892,610 shares of the company’s stock worth $13,425,259,000 after purchasing an additional 5,708,115 shares during the period. Millennium Management LLC raised its stake in shares of iShares Core S&P 500 ETF by 67.7% during the 1st quarter. Millennium Management LLC now owns 9,308,270 shares of the company’s stock worth $5,230,317,000 after purchasing an additional 3,757,143 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of iShares Core S&P 500 ETF by 27.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,472,337 shares of the company’s stock worth $7,008,206,000 after purchasing an additional 2,703,613 shares during the period. Finally, Wealthspire Advisors LLC raised its stake in shares of iShares Core S&P 500 ETF by 102.8% during the 1st quarter. Wealthspire Advisors LLC now owns 5,183,932 shares of the company’s stock worth $2,912,851,000 after purchasing an additional 2,627,461 shares during the period. 70.12% of the stock is currently owned by institutional investors.

iShares Core S&P 500 ETF Price Performance

NYSEARCA IVV opened at $674.52 on Friday. iShares Core S&P 500 ETF has a one year low of $484.00 and a one year high of $677.19. The business’s fifty day moving average is $654.20 and its 200-day moving average is $609.67. The stock has a market capitalization of $703.29 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00.

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.