CNB Bank Reduces Stake in iShares Core S&P 500 ETF (NYSEARCA:IVV)

CNB Bank reduced its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 19.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,031 shares of the company’s stock after selling 731 shares during the period. iShares Core S&P 500 ETF comprises 0.8% of CNB Bank’s investment portfolio, making the stock its 27th biggest position. CNB Bank’s holdings in iShares Core S&P 500 ETF were worth $1,784,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of IVV. Balboa Wealth Partners raised its position in iShares Core S&P 500 ETF by 1.3% in the third quarter. Balboa Wealth Partners now owns 1,292 shares of the company’s stock worth $745,000 after acquiring an additional 17 shares during the period. TruWealth Advisors LLC raised its position in iShares Core S&P 500 ETF by 2.0% in the third quarter. TruWealth Advisors LLC now owns 925 shares of the company’s stock worth $534,000 after acquiring an additional 18 shares during the period. Lewis Asset Management LLC raised its position in iShares Core S&P 500 ETF by 2.9% in the third quarter. Lewis Asset Management LLC now owns 631 shares of the company’s stock worth $364,000 after acquiring an additional 18 shares during the period. Hassell Wealth Management LLC raised its position in iShares Core S&P 500 ETF by 2.6% in the third quarter. Hassell Wealth Management LLC now owns 700 shares of the company’s stock worth $400,000 after acquiring an additional 18 shares during the period. Finally, Indiana Trust & Investment Management Co raised its position in iShares Core S&P 500 ETF by 0.5% in the third quarter. Indiana Trust & Investment Management Co now owns 3,524 shares of the company’s stock worth $2,033,000 after acquiring an additional 19 shares during the period.

iShares Core S&P 500 ETF Stock Performance

Shares of IVV stock opened at $600.26 on Friday. The firm has a market cap of $517.96 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 $474.68 and a 52 week high of $612.09. The firm’s 50-day simple moving average is $598.29 and its two-hundred day simple moving average is $575.92.

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.