Peak Asset Management LLC Reduces Stake in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Peak Asset Management LLC lessened its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,434 shares of the company’s stock after selling 250 shares during the quarter. iShares Core S&P 500 ETF comprises approximately 1.0% of Peak Asset Management LLC’s investment portfolio, making the stock its 28th largest holding. Peak Asset Management LLC’s holdings in iShares Core S&P 500 ETF were worth $5,442,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IVV. 1620 Investment Advisors Inc. purchased a new position in shares of iShares Core S&P 500 ETF in the second quarter valued at approximately $36,000. Kennebec Savings Bank purchased a new position in iShares Core S&P 500 ETF in the 3rd quarter valued at $40,000. Covestor Ltd boosted its stake in iShares Core S&P 500 ETF by 321.1% during the 1st quarter. Covestor Ltd now owns 80 shares of the company’s stock worth $42,000 after purchasing an additional 61 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of iShares Core S&P 500 ETF during the first quarter worth $55,000. Finally, Proffitt & Goodson Inc. raised its position in shares of iShares Core S&P 500 ETF by 21.2% in the second quarter. Proffitt & Goodson Inc. now owns 103 shares of the company’s stock valued at $56,000 after buying an additional 18 shares during the last quarter.

iShares Core S&P 500 ETF Stock Performance

Shares of iShares Core S&P 500 ETF stock opened at $600.20 on Thursday. The business’s 50 day moving average price is $575.85 and its 200 day moving average price is $554.42. iShares Core S&P 500 ETF has a one year low of $448.11 and a one year high of $603.09. The company has a market cap of $517.91 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99.

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.