iShares Core S&P 500 ETF (NYSEARCA:IVV) Shares Sold by Palisades Hudson Asset Management L.P.

Palisades Hudson Asset Management L.P. trimmed its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 0.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,542 shares of the company’s stock after selling 310 shares during the quarter. iShares Core S&P 500 ETF accounts for 13.0% of Palisades Hudson Asset Management L.P.’s holdings, making the stock its biggest holding. Palisades Hudson Asset Management L.P.’s holdings in iShares Core S&P 500 ETF were worth $20,073,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. raised its position in iShares Core S&P 500 ETF by 1.4% in the fourth quarter. BlackRock Inc. now owns 47,183,147 shares of the company’s stock valued at $11,871,751,000 after purchasing an additional 660,452 shares during the last quarter. Bank of America Corp DE raised its position in iShares Core S&P 500 ETF by 3.7% in the fourth quarter. Bank of America Corp DE now owns 41,387,004 shares of the company’s stock valued at $10,413,384,000 after purchasing an additional 1,461,610 shares during the last quarter. PNC Financial Services Group Inc. raised its position in iShares Core S&P 500 ETF by 5.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,757,245 shares of the company’s stock valued at $1,700,189,000 after purchasing an additional 361,347 shares during the last quarter. First Command Advisory Services Inc. raised its position in iShares Core S&P 500 ETF by 0.3% in the first quarter. First Command Advisory Services Inc. now owns 5,388,318 shares of the company’s stock valued at $1,532,743,000 after purchasing an additional 17,292 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in iShares Core S&P 500 ETF by 29.4% in the fourth quarter. Bank of New York Mellon Corp now owns 3,395,105 shares of the company’s stock valued at $854,242,000 after purchasing an additional 771,401 shares during the last quarter.

Shares of IVV stock traded down $0.37 on Friday, hitting $291.25. The company had a trading volume of 2,000,100 shares, compared to its average volume of 4,079,124. iShares Core S&P 500 ETF has a twelve month low of $235.46 and a twelve month high of $296.93.

COPYRIGHT VIOLATION WARNING: This article was first reported by Rockland Register and is owned by of Rockland Register. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://rocklandregister.com/2019/06/14/ishares-core-sp-500-etf-ivv-is-palisades-hudson-asset-management-l-p-s-largest-position.html.

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.

See Also: What is a portfolio manager?

Institutional Ownership by Quarter for iShares Core S&P 500 ETF (NYSEARCA:IVV)

Receive News & Ratings for iShares Core S&P 500 ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Core S&P 500 ETF and related companies with MarketBeat.com's FREE daily email newsletter.