Addison Advisors LLC Reduces Stock Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Addison Advisors LLC decreased its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 33.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,352 shares of the company’s stock after selling 665 shares during the quarter. Addison Advisors LLC’s holdings in iShares Core S&P 500 ETF were worth $740,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Burkett Financial Services LLC bought a new position in iShares Core S&P 500 ETF during the 4th quarter valued at approximately $31,000. 1620 Investment Advisors Inc. bought a new position in shares of iShares Core S&P 500 ETF during the second quarter valued at approximately $36,000. Thompson Investment Management Inc. purchased a new stake in iShares Core S&P 500 ETF in the first quarter worth $37,000. Covestor Ltd lifted its stake in iShares Core S&P 500 ETF by 321.1% in the first quarter. Covestor Ltd now owns 80 shares of the company’s stock worth $42,000 after acquiring an additional 61 shares during the period. Finally, Ables Iannone Moore & Associates Inc. purchased a new position in iShares Core S&P 500 ETF during the 4th quarter valued at $44,000.

iShares Core S&P 500 ETF Stock Down 1.0 %

Shares of NYSEARCA:IVV traded down $5.27 on Friday, hitting $547.29. The company had a trading volume of 736,399 shares, compared to its average volume of 4,998,290. The firm’s 50-day simple moving average is $552.58 and its two-hundred day simple moving average is $532.95. The firm has a market capitalization of $472.26 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99. iShares Core S&P 500 ETF has a 1 year low of $411.02 and a 1 year high of $568.24.

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.