Birmingham Capital Management Co. Inc. AL Reduces Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Birmingham Capital Management Co. Inc. AL lowered its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 2.4% in the third quarter, HoldingsChannel reports. The firm owned 6,593 shares of the company’s stock after selling 160 shares during the period. iShares Core S&P 500 ETF comprises about 1.4% of Birmingham Capital Management Co. Inc. AL’s portfolio, making the stock its 24th largest holding. Birmingham Capital Management Co. Inc. AL’s holdings in iShares Core S&P 500 ETF were worth $3,803,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its position in shares of iShares Core S&P 500 ETF by 21.3% during the second quarter. Envestnet Asset Management Inc. now owns 36,046,952 shares of the company’s stock worth $19,725,973,000 after purchasing an additional 6,319,531 shares during the last quarter. Marshall Wace LLP grew its position in shares of iShares Core S&P 500 ETF by 34.5% in the 2nd quarter. Marshall Wace LLP now owns 22,513,000 shares of the company’s stock worth $12,319,789,000 after acquiring an additional 5,774,400 shares in the last quarter. Creative Planning increased its holdings in shares of iShares Core S&P 500 ETF by 1.2% in the 3rd quarter. Creative Planning now owns 21,368,471 shares of the company’s stock valued at $12,325,761,000 after acquiring an additional 257,499 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of iShares Core S&P 500 ETF by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 13,683,639 shares of the company’s stock valued at $7,488,098,000 after acquiring an additional 237,585 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in iShares Core S&P 500 ETF by 67,668.9% during the third quarter. International Assets Investment Management LLC now owns 10,247,335 shares of the company’s stock worth $5,910,868,000 after purchasing an additional 10,232,214 shares during the last quarter.

iShares Core S&P 500 ETF Stock Up 0.2 %

IVV stock traded up $0.93 during trading on Friday, hitting $608.28. 837,017 shares of the company’s stock traded hands, compared to its average volume of 5,016,283. The stock has a market capitalization of $524.88 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99. iShares Core S&P 500 ETF has a 52 week low of $468.65 and a 52 week high of $612.09. The stock has a fifty day moving average price of $591.97 and a two-hundred day moving average price of $566.14.

iShares Core S&P 500 ETF Company 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.