International Assets Investment Management LLC Lowers Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

International Assets Investment Management LLC lowered its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 99.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 17,900 shares of the company’s stock after selling 10,229,435 shares during the period. International Assets Investment Management LLC’s holdings in iShares Core S&P 500 ETF were worth $10,516,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Modus Advisors LLC purchased a new position in iShares Core S&P 500 ETF in the fourth quarter valued at approximately $32,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of iShares Core S&P 500 ETF in the third quarter worth $33,000. Cedar Wealth Management LLC raised its stake in shares of 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 valued at $39,000 after acquiring an additional 39 shares during the period. Kennebec Savings Bank acquired a new position in shares of iShares Core S&P 500 ETF during the 3rd quarter valued at $40,000. Finally, Brooklyn Investment Group purchased a new stake in iShares Core S&P 500 ETF during the 3rd quarter worth $42,000.

iShares Core S&P 500 ETF Trading Down 0.4 %

NYSEARCA:IVV traded down $2.25 during mid-day trading on Wednesday, hitting $589.32. The company had a trading volume of 2,267,826 shares, compared to its average volume of 4,719,801. The business has a fifty day simple moving average of $597.21 and a 200-day simple moving average of $573.88. The firm has a market capitalization of $508.52 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99. iShares Core S&P 500 ETF has a 1 year low of $472.11 and a 1 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.