iShares Core S&P 500 ETF $IVV Position Reduced by Benchmark Financial Wealth Advisors LLC

Benchmark Financial Wealth Advisors LLC trimmed its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 13.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,048 shares of the company’s stock after selling 1,064 shares during the period. iShares Core S&P 500 ETF comprises approximately 1.4% of Benchmark Financial Wealth Advisors LLC’s holdings, making the stock its 19th largest holding. Benchmark Financial Wealth Advisors LLC’s holdings in iShares Core S&P 500 ETF were worth $4,376,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in IVV. Envestnet Asset Management Inc. boosted its stake in iShares Core S&P 500 ETF by 6.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 35,694,204 shares of the company’s stock worth $20,056,573,000 after purchasing an additional 2,160,133 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares Core S&P 500 ETF by 2.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 31,297,509 shares of the company’s stock valued at $17,586,070,000 after purchasing an additional 768,618 shares in the last quarter. New Vernon Capital Holdings II LLC lifted its holdings in shares of iShares Core S&P 500 ETF by 53,779.2% in the first quarter. New Vernon Capital Holdings II LLC now owns 24,775,295 shares of the company’s stock valued at $13,921,238,000 after purchasing an additional 24,729,312 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of iShares Core S&P 500 ETF by 31.4% in the first quarter. JPMorgan Chase & Co. now owns 23,892,610 shares of the company’s stock worth $13,425,259,000 after buying an additional 5,708,115 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of iShares Core S&P 500 ETF by 1.0% during the first quarter. PNC Financial Services Group Inc. now owns 15,270,271 shares of the company’s stock valued at $8,580,365,000 after buying an additional 146,638 shares in the last quarter. 70.12% of the stock is owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Trading Up 0.3%

NYSEARCA:IVV opened at $685.23 on Monday. The business’s fifty day moving average price is $665.29 and its 200 day moving average price is $626.16. The firm has a market capitalization of $718.84 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 1-year low of $484.00 and a 1-year high of $693.07.

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.