Summit Financial Strategies Inc. Sells 2,941 Shares of iShares Core S&P 500 ETF (NYSEARCA:IVV)

Summit Financial Strategies Inc. cut its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,731 shares of the company’s stock after selling 2,941 shares during the quarter. iShares Core S&P 500 ETF accounts for 8.3% of Summit Financial Strategies Inc.’s holdings, making the stock its 4th largest holding. Summit Financial Strategies Inc.’s holdings in iShares Core S&P 500 ETF were worth $73,678,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas purchased a new stake in iShares Core S&P 500 ETF during the 1st quarter worth approximately $1,077,000. True Link Financial Advisors LLC increased its position in shares of iShares Core S&P 500 ETF by 9.0% during the first quarter. True Link Financial Advisors LLC now owns 266,102 shares of the company’s stock worth $139,898,000 after acquiring an additional 21,997 shares during the period. Financial Management Professionals Inc. raised its stake in shares of iShares Core S&P 500 ETF by 267.1% in the first quarter. Financial Management Professionals Inc. now owns 257 shares of the company’s stock valued at $135,000 after acquiring an additional 187 shares in the last quarter. Lane & Associates LLC boosted its holdings in iShares Core S&P 500 ETF by 2.2% in the first quarter. Lane & Associates LLC now owns 4,117 shares of the company’s stock valued at $2,165,000 after purchasing an additional 90 shares during the period. Finally, Pinnacle Bancorp Inc. grew its stake in iShares Core S&P 500 ETF by 3.7% during the 1st quarter. Pinnacle Bancorp Inc. now owns 8,052 shares of the company’s stock worth $4,233,000 after purchasing an additional 284 shares in the last quarter.

iShares Core S&P 500 ETF Stock Performance

IVV stock traded up $0.97 during mid-day trading on Thursday, reaching $586.05. The company had a trading volume of 605,632 shares, compared to its average volume of 5,152,711. The firm has a fifty day simple moving average of $564.46 and a 200 day simple moving average of $544.36. The company has a market capitalization of $505.70 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99. iShares Core S&P 500 ETF has a fifty-two week low of $411.02 and a fifty-two week high of $588.89.

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.