Sheets Smith Wealth Management Has $29.16 Million Stock Holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Sheets Smith Wealth Management decreased its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 8.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 49,531 shares of the company’s stock after selling 4,464 shares during the quarter. iShares Core S&P 500 ETF makes up approximately 3.6% of Sheets Smith Wealth Management’s holdings, making the stock its 2nd largest holding. Sheets Smith Wealth Management’s holdings in iShares Core S&P 500 ETF were worth $29,158,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IVV. Modus Advisors LLC purchased a new position in shares of iShares Core S&P 500 ETF in the fourth quarter worth $32,000. Ulland Investment Advisors LLC bought a new stake in iShares Core S&P 500 ETF in the 4th quarter worth about $32,000. Safe Harbor Fiduciary LLC purchased a new position in iShares Core S&P 500 ETF in the 3rd quarter worth about $33,000. Cedar Wealth Management LLC lifted its stake in iShares Core S&P 500 ETF by 139.3% during the 3rd quarter. Cedar Wealth Management LLC now owns 67 shares of the company’s stock valued at $39,000 after acquiring an additional 39 shares during the period. Finally, Kennebec Savings Bank purchased a new stake in shares of iShares Core S&P 500 ETF during the 3rd quarter valued at about $40,000.

iShares Core S&P 500 ETF Stock Up 0.6 %

Shares of IVV stock opened at $612.70 on Friday. The company has a 50 day moving average price of $598.56 and a 200-day moving average price of $577.13. iShares Core S&P 500 ETF has a 52 week low of $485.19 and a 52 week high of $612.70. The firm has a market capitalization of $528.70 billion, a PE ratio of 25.23 and a beta of 0.99.

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.