Mechanics Financial Corp Grows Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Mechanics Financial Corp lifted its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 8.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,349 shares of the company’s stock after purchasing an additional 1,071 shares during the quarter. iShares Core S&P 500 ETF comprises about 3.4% of Mechanics Financial Corp’s portfolio, making the stock its 6th largest holding. Mechanics Financial Corp’s holdings in iShares Core S&P 500 ETF were worth $7,501,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of IVV. Prudential Financial Inc. raised its position in iShares Core S&P 500 ETF by 142.1% during the 4th quarter. Prudential Financial Inc. now owns 11,609,297 shares of the company’s stock worth $6,834,161,000 after buying an additional 6,813,214 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in iShares Core S&P 500 ETF during the 4th quarter worth approximately $3,488,275,000. GAMMA Investing LLC raised its position in iShares Core S&P 500 ETF by 65,310.1% during the 1st quarter. GAMMA Investing LLC now owns 4,113,639 shares of the company’s stock worth $2,311,454,000 after buying an additional 4,107,350 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its position in iShares Core S&P 500 ETF by 123.1% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 5,109,775 shares of the company’s stock worth $3,008,022,000 after buying an additional 2,819,065 shares during the last quarter. Finally, Kedalion Capital Management LLP purchased a new position in iShares Core S&P 500 ETF during the 1st quarter worth approximately $1,436,610,000. 70.12% of the stock is owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Trading Down 0.4%

IVV opened at $624.99 on Wednesday. iShares Core S&P 500 ETF has a 12-month low of $484.00 and a 12-month high of $630.86. The firm has a market capitalization of $629.11 billion, a PE ratio of 25.10 and a beta of 1.00. The firm has a 50 day moving average of $602.32 and a two-hundred day moving average of $584.99.

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.