Raleigh Capital Management Inc. Sells 4,077 Shares of iShares Core S&P 500 ETF (NYSEARCA:IVV)

Raleigh Capital Management Inc. cut its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 33.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,253 shares of the company’s stock after selling 4,077 shares during the quarter. iShares Core S&P 500 ETF accounts for 1.9% of Raleigh Capital Management Inc.’s investment portfolio, making the stock its 8th largest holding. Raleigh Capital Management Inc.’s holdings in iShares Core S&P 500 ETF were worth $4,859,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Modus Advisors LLC acquired a new position in iShares Core S&P 500 ETF in the fourth quarter valued at about $32,000. Ulland Investment Advisors LLC acquired a new position in shares of iShares Core S&P 500 ETF during the fourth quarter worth approximately $32,000. Safe Harbor Fiduciary LLC bought a new stake in shares of iShares Core S&P 500 ETF during the third quarter valued at approximately $33,000. Cedar Wealth Management LLC grew its stake in shares of iShares Core S&P 500 ETF by 139.3% during the third quarter. Cedar Wealth Management LLC now owns 67 shares of the company’s stock valued at $39,000 after purchasing an additional 39 shares during the last quarter. Finally, Kennebec Savings Bank acquired a new stake in shares of iShares Core S&P 500 ETF in the third quarter valued at approximately $40,000.

iShares Core S&P 500 ETF Stock Performance

Shares of IVV opened at $610.89 on Friday. The business’s fifty day moving average price is $598.89 and its two-hundred day moving average price is $577.37. The firm has a market capitalization of $527.14 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99. iShares Core S&P 500 ETF has a 52 week low of $485.19 and a 52 week high of $613.79.

iShares Core S&P 500 ETF Company 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.