Elk River Wealth Management LLC Decreases Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Elk River Wealth Management LLC reduced its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 1.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 49,904 shares of the company’s stock after selling 989 shares during the period. iShares Core S&P 500 ETF comprises 5.3% of Elk River Wealth Management LLC’s holdings, making the stock its 4th biggest position. Elk River Wealth Management LLC’s holdings in iShares Core S&P 500 ETF were worth $29,378,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SYM FINANCIAL Corp bought a new stake in iShares Core S&P 500 ETF during the fourth quarter valued at about $30,000. Modus Advisors LLC purchased a new stake in shares of iShares Core S&P 500 ETF during the fourth quarter worth about $32,000. Ulland Investment Advisors LLC purchased a new position in iShares Core S&P 500 ETF in the 4th quarter worth approximately $32,000. Safe Harbor Fiduciary LLC purchased a new position in iShares Core S&P 500 ETF in the 3rd quarter worth approximately $33,000. Finally, Cedar Wealth Management LLC boosted its stake in iShares Core S&P 500 ETF by 139.3% in the 3rd quarter. Cedar Wealth Management LLC now owns 67 shares of the company’s stock worth $39,000 after purchasing an additional 39 shares during the period.

iShares Core S&P 500 ETF Price Performance

iShares Core S&P 500 ETF stock opened at $613.46 on Friday. The firm’s 50 day moving average price is $601.22 and its 200-day moving average price is $584.94. iShares Core S&P 500 ETF has a 1 year low of $495.94 and a 1 year high of $616.22. The stock has a market cap of $529.35 billion, a P/E ratio of 25.23 and a beta of 0.99.

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.