Palisades Hudson Asset Management L.P. Has $12.87 Million Stock Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Palisades Hudson Asset Management L.P. reduced its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 6.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 23,510 shares of the company’s stock after selling 1,645 shares during the period. iShares Core S&P 500 ETF accounts for about 5.9% of Palisades Hudson Asset Management L.P.’s holdings, making the stock its 5th largest position. Palisades Hudson Asset Management L.P.’s holdings in iShares Core S&P 500 ETF were worth $12,866,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IVV. Burkett Financial Services LLC purchased a new stake in iShares Core S&P 500 ETF in the 4th quarter worth about $31,000. 1620 Investment Advisors Inc. bought a new position in iShares Core S&P 500 ETF in the 2nd quarter valued at $36,000. Thompson Investment Management Inc. bought a new stake in shares of iShares Core S&P 500 ETF during the first quarter worth $37,000. Covestor Ltd boosted its stake in shares of iShares Core S&P 500 ETF by 321.1% during the first quarter. Covestor Ltd now owns 80 shares of the company’s stock valued at $42,000 after purchasing an additional 61 shares during the period. Finally, Ables Iannone Moore & Associates Inc. bought a new position in shares of iShares Core S&P 500 ETF in the fourth quarter worth about $44,000.

iShares Core S&P 500 ETF Stock Performance

iShares Core S&P 500 ETF stock traded up $5.30 during trading hours on Friday, hitting $566.75. The company had a trading volume of 3,016,147 shares, compared to its average volume of 5,002,234. The firm has a market cap of $489.05 billion, a P/E ratio of 25.23 and a beta of 0.99. The company has a 50-day moving average price of $551.83 and a two-hundred day moving average price of $531.63. 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.