49 Wealth Management LLC Lowers Stock Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

49 Wealth Management LLC decreased its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 6.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,367 shares of the company’s stock after selling 587 shares during the period. iShares Core S&P 500 ETF comprises 0.9% of 49 Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest position. 49 Wealth Management LLC’s holdings in iShares Core S&P 500 ETF were worth $4,391,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Deutsche Bank AG increased its holdings in iShares Core S&P 500 ETF by 2.7% in the 3rd quarter. Deutsche Bank AG now owns 119,823 shares of the company’s stock worth $51,456,000 after acquiring an additional 3,121 shares in the last quarter. American Century Companies Inc. increased its stake in shares of iShares Core S&P 500 ETF by 2.7% during the third quarter. American Century Companies Inc. now owns 31,580 shares of the company’s stock worth $13,561,000 after purchasing an additional 832 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of iShares Core S&P 500 ETF by 6.1% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 264,663 shares of the company’s stock worth $114,178,000 after purchasing an additional 15,225 shares during the last quarter. Raleigh Capital Management Inc. lifted its stake in iShares Core S&P 500 ETF by 11.6% in the 3rd quarter. Raleigh Capital Management Inc. now owns 18,001 shares of the company’s stock valued at $7,730,000 after buying an additional 1,875 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in iShares Core S&P 500 ETF by 3.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 39,551 shares of the company’s stock valued at $16,984,000 after buying an additional 1,358 shares in the last quarter.

iShares Core S&P 500 ETF Trading Up 0.6 %

NYSEARCA:IVV traded up $3.58 during trading hours on Friday, hitting $563.04. 2,778,460 shares of the stock were exchanged, compared to its average volume of 5,253,595. The firm’s fifty day moving average price is $539.78 and its 200 day moving average price is $515.52. iShares Core S&P 500 ETF has a 52-week low of $411.02 and a 52-week high of $566.72. The company has a market cap of $485.85 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.