Smith Moore & CO. Has $67 Million Stock Position in iShares Core S&P 500 ETF $IVV

Smith Moore & CO. trimmed its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 0.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 107,900 shares of the company’s stock after selling 672 shares during the period. iShares Core S&P 500 ETF makes up about 5.6% of Smith Moore & CO.’s investment portfolio, making the stock its largest position. Smith Moore & CO.’s holdings in iShares Core S&P 500 ETF were worth $66,995,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of IVV. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares Core S&P 500 ETF by 3.8% in the second 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 last quarter. JPMorgan Chase & Co. raised its position in shares of iShares Core S&P 500 ETF by 18.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 28,271,587 shares of the company’s stock valued at $17,553,830,000 after buying an additional 4,378,977 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% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 24,775,295 shares of the company’s stock worth $13,921,238,000 after acquiring an additional 24,729,312 shares during the last quarter. Creative Planning grew its position in 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 worth $13,802,591,000 after acquiring an additional 398,230 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in iShares Core S&P 500 ETF by 0.7% in the second quarter. PNC Financial Services Group Inc. now owns 15,375,370 shares of the company’s stock valued at $9,546,567,000 after acquiring an additional 105,099 shares during the last quarter. Hedge funds and other institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Up 0.6%

NYSEARCA IVV opened at $686.88 on Monday. The stock’s 50-day simple moving average is $674.04 and its two-hundred day simple moving average is $642.99. iShares Core S&P 500 ETF has a twelve month low of $484.00 and a twelve month high of $693.07. The company has a market capitalization of $720.88 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00.

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.