Sumitomo Mitsui Financial Group Inc. Sells 107,000 Shares of iShares Core S&P 500 ETF $IVV

Sumitomo Mitsui Financial Group Inc. lessened its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 51.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 103,000 shares of the company’s stock after selling 107,000 shares during the quarter. iShares Core S&P 500 ETF makes up 1.3% of Sumitomo Mitsui Financial Group Inc.’s holdings, making the stock its 13th biggest holding. Sumitomo Mitsui Financial Group Inc.’s holdings in iShares Core S&P 500 ETF were worth $71,062,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 1922 Investment Co LLC acquired a new position in shares of iShares Core S&P 500 ETF during the fourth quarter worth $122,000. Xponance LLC lifted its holdings in shares of iShares Core S&P 500 ETF by 9.4% during the fourth quarter. Xponance LLC now owns 22,362 shares of the company’s stock worth $15,317,000 after purchasing an additional 1,913 shares during the period. Canopy Partners LLC lifted its holdings in shares of iShares Core S&P 500 ETF by 1.3% during the fourth quarter. Canopy Partners LLC now owns 2,282 shares of the company’s stock worth $1,563,000 after purchasing an additional 29 shares during the period. Keel Point LLC lifted its holdings in shares of iShares Core S&P 500 ETF by 22.4% during the fourth quarter. Keel Point LLC now owns 9,545 shares of the company’s stock worth $6,538,000 after purchasing an additional 1,749 shares during the period. Finally, Winning Points Advisors LLC acquired a new position in shares of iShares Core S&P 500 ETF during the fourth quarter worth $201,000. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Performance

Shares of NYSEARCA:IVV opened at $741.05 on Friday. The firm has a market cap of $818.30 billion, a PE ratio of 25.10 and a beta of 1.00. The firm’s fifty day moving average is $723.67 and its 200-day moving average is $697.90. iShares Core S&P 500 ETF has a 52 week low of $594.71 and a 52 week high of $764.00.

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.