iShares Core S&P 500 ETF (NYSEARCA:IVV) Shares Sold by Melfa Wealth Management Inc.

Melfa Wealth Management Inc. decreased its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 0.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,997 shares of the company’s stock after selling 45 shares during the quarter. iShares Core S&P 500 ETF comprises 1.9% of Melfa Wealth Management Inc.’s holdings, making the stock its 8th biggest position. Melfa Wealth Management Inc.’s holdings in iShares Core S&P 500 ETF were worth $2,882,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. 1620 Investment Advisors Inc. purchased a new position in shares of iShares Core S&P 500 ETF in the second quarter worth about $36,000. Thompson Investment Management Inc. acquired a new position in iShares Core S&P 500 ETF in the 1st quarter worth approximately $37,000. Covestor Ltd raised its position 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 buying an additional 61 shares during the last quarter. Christopher J. Hasenberg Inc lifted its stake in iShares Core S&P 500 ETF by 65.6% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 101 shares of the company’s stock valued at $58,000 after acquiring an additional 40 shares during the period. Finally, Proffitt & Goodson Inc. boosted its holdings in shares of iShares Core S&P 500 ETF by 21.2% in the 2nd quarter. Proffitt & Goodson Inc. now owns 103 shares of the company’s stock valued at $56,000 after acquiring an additional 18 shares during the last quarter.

iShares Core S&P 500 ETF Price Performance

NYSEARCA:IVV opened at $585.25 on Friday. The firm has a market capitalization of $505.01 billion, a P/E ratio of 25.23 and a beta of 0.99. The company’s fifty day moving average price is $565.49 and its 200-day moving average price is $544.64. iShares Core S&P 500 ETF has a 1-year low of $411.02 and a 1-year high of $588.93.

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.