West Paces Advisors Inc. Cuts Stake in iShares Core S&P 500 ETF (NYSEARCA:IVV)

West Paces Advisors Inc. reduced its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 1.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 5,547 shares of the company’s stock after selling 78 shares during the quarter. iShares Core S&P 500 ETF makes up 0.8% of West Paces Advisors Inc.’s portfolio, making the stock its 18th biggest holding. West Paces Advisors Inc.’s holdings in iShares Core S&P 500 ETF were worth $2,916,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in IVV. Eukles Asset Management increased its holdings in iShares Core S&P 500 ETF by 126.9% in the fourth quarter. Eukles Asset Management now owns 59 shares of the company’s stock valued at $28,000 after buying an additional 33 shares during the last quarter. Burkett Financial Services LLC acquired a new position in shares of iShares Core S&P 500 ETF during the fourth quarter valued at approximately $31,000. Thompson Investment Management Inc. acquired a new stake in shares of iShares Core S&P 500 ETF in the first quarter valued at $37,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of iShares Core S&P 500 ETF in the 4th quarter worth approximately $44,000. Finally, Evolution Advisers Inc. bought a new stake in shares of iShares Core S&P 500 ETF during the 4th quarter worth $48,000.

iShares Core S&P 500 ETF Stock Performance

Shares of NYSEARCA:IVV traded up $0.84 during mid-day trading on Wednesday, hitting $548.52. The stock had a trading volume of 8,484,456 shares, compared to its average volume of 5,390,465. The company has a market cap of $473.32 billion, a PE ratio of 25.23 and a beta of 0.99. iShares Core S&P 500 ETF has a 12-month low of $411.02 and a 12-month high of $551.29. The company’s 50 day moving average is $527.04 and its 200-day moving average is $508.34.

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.