Standpoint Asset Management LLC Lowers Holdings in iShares Core S&P 500 ETF $IVV

Standpoint Asset Management LLC reduced its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 15.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 108,500 shares of the company’s stock after selling 19,800 shares during the quarter. iShares Core S&P 500 ETF accounts for about 16.4% of Standpoint Asset Management LLC’s investment portfolio, making the stock its 2nd largest holding. Standpoint Asset Management LLC’s holdings in iShares Core S&P 500 ETF were worth $72,619,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its stake in iShares Core S&P 500 ETF by 3.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 32,488,472 shares of the company’s stock worth $20,172,093,000 after purchasing an additional 1,190,963 shares during the period. Envestnet Asset Management Inc. increased its position in shares of iShares Core S&P 500 ETF by 0.7% during the third quarter. Envestnet Asset Management Inc. now owns 28,570,831 shares of the company’s stock valued at $19,122,455,000 after buying an additional 201,983 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of iShares Core S&P 500 ETF by 18.3% in the second quarter. JPMorgan Chase & Co. now owns 28,271,587 shares of the company’s stock worth $17,553,830,000 after buying an additional 4,378,977 shares in the last quarter. Creative Planning boosted its position in shares of iShares Core S&P 500 ETF by 1.8% in the second quarter. Creative Planning now owns 22,229,974 shares of the company’s stock valued at $13,802,591,000 after acquiring an additional 398,230 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of iShares Core S&P 500 ETF by 3.6% in the third quarter. Jones Financial Companies Lllp now owns 17,201,745 shares of the company’s stock valued at $11,437,403,000 after acquiring an additional 601,254 shares during the period. 70.12% of the stock is currently owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Trading Up 0.5%

iShares Core S&P 500 ETF stock opened at $697.09 on Tuesday. iShares Core S&P 500 ETF has a 1-year low of $484.00 and a 1-year high of $700.97. The firm has a market capitalization of $766.24 billion, a PE ratio of 25.10 and a beta of 1.00. The firm’s 50 day simple moving average is $690.32 and its 200 day simple moving average is $672.00.

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.