Absolute Capital Management LLC Decreases Stock Holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Absolute Capital Management LLC reduced its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 8.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,977 shares of the company’s stock after selling 577 shares during the quarter. iShares Core S&P 500 ETF accounts for 2.0% of Absolute Capital Management LLC’s portfolio, making the stock its 13th largest position. Absolute Capital Management LLC’s holdings in iShares Core S&P 500 ETF were worth $3,528,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in IVV. Arvest Bank Trust Division purchased a new position in shares of iShares Core S&P 500 ETF in the third quarter valued at $102,003,000. United Bank raised its holdings in iShares Core S&P 500 ETF by 22.2% in the third quarter. United Bank now owns 1,079 shares of the company’s stock valued at $622,000 after acquiring an additional 196 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in iShares Core S&P 500 ETF in the third quarter valued at $670,000. Citizens Financial Group Inc. RI raised its holdings in iShares Core S&P 500 ETF by 2.9% in the third quarter. Citizens Financial Group Inc. RI now owns 426,538 shares of the company’s stock valued at $246,035,000 after acquiring an additional 12,201 shares in the last quarter. Finally, Cornerstone Advisors LLC acquired a new stake in iShares Core S&P 500 ETF in the third quarter valued at $8,249,000.

iShares Core S&P 500 ETF Price Performance

IVV opened at $566.74 on Friday. The stock has a market capitalization of $545.77 billion, a PE ratio of 24.98 and a beta of 1.01. The firm’s fifty day moving average price is $593.94 and its 200 day moving average price is $588.76. iShares Core S&P 500 ETF has a 12-month low of $496.30 and a 12-month high of $616.22.

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.