King Luther Capital Management Corp Reduces Stock Holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV)

King Luther Capital Management Corp cut its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 27.5% during the second quarter, Holdings Channel.com reports. The firm owned 51,144 shares of the company’s stock after selling 19,368 shares during the quarter. King Luther Capital Management Corp’s holdings in iShares Core S&P 500 ETF were worth $27,988,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in iShares Core S&P 500 ETF by 60.7% during the first quarter. JPMorgan Chase & Co. now owns 20,161,417 shares of the company’s stock worth $10,599,462,000 after purchasing an additional 7,615,287 shares in the last quarter. Envestnet Asset Management Inc. grew its position in iShares Core S&P 500 ETF by 21.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 36,046,952 shares of the company’s stock valued at $19,725,973,000 after acquiring an additional 6,319,531 shares in the last quarter. Alberta Investment Management Corp acquired a new stake in shares of iShares Core S&P 500 ETF in the 4th quarter valued at $1,128,876,000. Pathstone Holdings LLC purchased a new stake in shares of iShares Core S&P 500 ETF during the 4th quarter worth $1,083,439,000. Finally, Strategic Financial Concepts LLC grew its stake in shares of iShares Core S&P 500 ETF by 16,180.5% during the second quarter. Strategic Financial Concepts LLC now owns 2,130,469 shares of the company’s stock worth $11,659,000 after purchasing an additional 2,117,383 shares in the last quarter.

iShares Core S&P 500 ETF Price Performance

iShares Core S&P 500 ETF stock opened at $572.99 on Friday. The stock has a market cap of $494.43 billion, a PE ratio of 25.23 and a beta of 0.99. The stock’s fifty day moving average is $553.67 and its two-hundred day moving average is $537.01. iShares Core S&P 500 ETF has a 1-year low of $411.02 and a 1-year high of $576.10.

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.