Central Pacific Bank Trust Division Has $62.71 Million Stock Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Central Pacific Bank Trust Division increased its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 9.6% during the 4th quarter, Holdings Channel reports. The fund owned 106,527 shares of the company’s stock after acquiring an additional 9,345 shares during the period. iShares Core S&P 500 ETF comprises approximately 8.2% of Central Pacific Bank Trust Division’s investment portfolio, making the stock its largest position. Central Pacific Bank Trust Division’s holdings in iShares Core S&P 500 ETF were worth $62,710,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Modus Advisors LLC bought a new stake in iShares Core S&P 500 ETF during the fourth quarter worth $32,000. Safe Harbor Fiduciary LLC bought a new stake in iShares Core S&P 500 ETF in the 3rd quarter valued at about $33,000. Cedar Wealth Management LLC boosted its holdings in shares of iShares Core S&P 500 ETF by 139.3% in the third quarter. Cedar Wealth Management LLC now owns 67 shares of the company’s stock worth $39,000 after acquiring an additional 39 shares during the period. Kennebec Savings Bank bought a new position in shares of iShares Core S&P 500 ETF in the third quarter valued at approximately $40,000. Finally, Brooklyn Investment Group purchased a new position in shares of iShares Core S&P 500 ETF during the third quarter worth about $42,000.

iShares Core S&P 500 ETF Stock Performance

iShares Core S&P 500 ETF stock traded up $7.23 during mid-day trading on Friday, hitting $594.68. 2,082,264 shares of the company traded hands, compared to its average volume of 5,723,667. The stock has a fifty day moving average price of $596.52 and a 200-day moving average price of $572.57. The stock has a market cap of $513.15 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99. iShares Core S&P 500 ETF has a one year low of $468.65 and a one year high of $612.09.

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.