Mechanics Financial Corp Increases Stock Holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Mechanics Financial Corp increased its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 3.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,657 shares of the company’s stock after purchasing an additional 360 shares during the quarter. iShares Core S&P 500 ETF makes up approximately 2.6% of Mechanics Financial Corp’s investment portfolio, making the stock its 7th largest position. Mechanics Financial Corp’s holdings in iShares Core S&P 500 ETF were worth $4,612,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Eukles Asset Management increased its position in iShares Core S&P 500 ETF by 126.9% during the fourth quarter. Eukles Asset Management now owns 59 shares of the company’s stock worth $28,000 after buying an additional 33 shares during the last quarter. Horizon Bancorp Inc. IN acquired a new position in shares of iShares Core S&P 500 ETF during the 3rd quarter worth approximately $40,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of iShares Core S&P 500 ETF during the 3rd quarter worth approximately $41,000. Evolution Advisers Inc. bought a new stake in iShares Core S&P 500 ETF in the 4th quarter valued at $48,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in iShares Core S&P 500 ETF during the 3rd quarter valued at $62,000.

iShares Core S&P 500 ETF Trading Up 0.3 %

Shares of NYSEARCA:IVV traded up $1.59 on Thursday, hitting $504.45. The company had a trading volume of 1,248,128 shares, compared to its average volume of 5,737,475. The stock has a market cap of $435.29 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99. The stock has a 50 day moving average price of $514.46 and a 200 day moving average price of $483.15. iShares Core S&P 500 ETF has a 1-year low of $405.54 and a 1-year high of $527.16.

iShares Core S&P 500 ETF Company 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.