iShares Core S&P 500 ETF (NYSEARCA:IVV) is Ballentine Partners LLC’s 5th Largest Position

Ballentine Partners LLC cut its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 3.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 387,693 shares of the company’s stock after selling 13,858 shares during the period. iShares Core S&P 500 ETF accounts for 3.9% of Ballentine Partners LLC’s investment portfolio, making the stock its 5th largest holding. Ballentine Partners LLC’s holdings in iShares Core S&P 500 ETF were worth $212,157,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in shares of iShares Core S&P 500 ETF by 60.7% during the first quarter. JPMorgan Chase & Co. now owns 20,161,417 shares of the company’s stock worth $10,599,462,000 after buying an additional 7,615,287 shares during the last quarter. Alberta Investment Management Corp acquired a new position in shares of iShares Core S&P 500 ETF in the fourth quarter valued at approximately $1,128,876,000. Pathstone Holdings LLC purchased a new stake in shares of iShares Core S&P 500 ETF during the fourth quarter worth approximately $1,083,439,000. Strategic Financial Concepts LLC lifted its holdings in shares of iShares Core S&P 500 ETF by 16,180.5% during the second quarter. Strategic Financial Concepts LLC now owns 2,130,469 shares of the company’s stock worth $11,659,000 after purchasing an additional 2,117,383 shares during the period. Finally, MKP Capital Management L.L.C. purchased a new position in iShares Core S&P 500 ETF in the 2nd quarter valued at $661,772,000.

iShares Core S&P 500 ETF Stock Performance

IVV traded down $9.19 during trading on Friday, hitting $543.37. The stock had a trading volume of 3,525,736 shares, compared to its average volume of 5,014,501. iShares Core S&P 500 ETF has a twelve month low of $411.02 and a twelve month high of $568.24. The firm has a market capitalization of $468.87 billion, a P/E ratio of 25.23 and a beta of 0.99. The company’s 50-day moving average price is $552.50 and its 200 day moving average price is $533.48.

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.