iShares Core S&P 500 ETF $IVV Stock: Genesis Private Wealth LLC Cuts Stake

Genesis Private Wealth LLC lowered its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 4.6% during the third quarter, Holdings Channel.com reports. The firm owned 23,193 shares of the ETF’s stock after selling 1,128 shares during the period. iShares Core S&P 500 ETF accounts for about 5.0% of Genesis Private Wealth LLC’s portfolio, making the stock its largest position. Genesis Private Wealth LLC’s holdings in iShares Core S&P 500 ETF were worth $17,762,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Olistico Wealth LLC bought a new position in shares of iShares Core S&P 500 ETF in the third quarter valued at about $25,000. Sawyer & Company Inc acquired a new position in iShares Core S&P 500 ETF during the 3rd quarter worth about $28,000. Punch & Associates Investment Management Inc. lifted its position in iShares Core S&P 500 ETF by 50.0% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock worth $27,000 after buying an additional 14 shares in the last quarter. Virginia Estate & Retirement Planning Advisors Inc. acquired a new position in iShares Core S&P 500 ETF during the 3rd quarter worth about $32,000. Finally, Allied Private Wealth LLC acquired a new position in iShares Core S&P 500 ETF during the 2nd quarter worth about $33,000. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Down 4.4%

Shares of NYSEARCA:IVV opened at $736.21 on Friday. The firm has a market cap of $843.95 billion, a P/E ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 12 month low of $632.14 and a 12 month high of $785.03. The company’s 50-day moving average price is $769.74 and its two-hundred day moving average price is $733.00.

About iShares Core S&P 500 ETF

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.