Parsons Capital Management Inc. RI Sells 833 Shares of iShares Core S&P 500 ETF (NYSEARCA:IVV)

Parsons Capital Management Inc. RI reduced its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,974 shares of the company’s stock after selling 833 shares during the period. iShares Core S&P 500 ETF accounts for 0.8% of Parsons Capital Management Inc. RI’s holdings, making the stock its 28th biggest holding. Parsons Capital Management Inc. RI’s holdings in iShares Core S&P 500 ETF were worth $14,702,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in IVV. Cornell Pochily Investment Advisors Inc. grew its stake in shares of iShares Core S&P 500 ETF by 1.2% in the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 7,078 shares of the company’s stock valued at $4,167,000 after buying an additional 87 shares during the period. West Wealth Group LLC grew its stake in iShares Core S&P 500 ETF by 15.6% in the fourth quarter. West Wealth Group LLC now owns 1,035 shares of the company’s stock valued at $610,000 after acquiring an additional 140 shares during the period. Summit Financial Strategies Inc. increased its holdings in shares of iShares Core S&P 500 ETF by 1.9% during the fourth quarter. Summit Financial Strategies Inc. now owns 130,184 shares of the company’s stock valued at $76,637,000 after acquiring an additional 2,453 shares in the last quarter. Mount Yale Investment Advisors LLC raised its position in shares of iShares Core S&P 500 ETF by 12.0% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 69,230 shares of the company’s stock worth $40,754,000 after purchasing an additional 7,438 shares during the period. Finally, Valued Wealth Advisors LLC increased its stake in iShares Core S&P 500 ETF by 65.7% during the 4th quarter. Valued Wealth Advisors LLC now owns 991 shares of the company’s stock valued at $584,000 after purchasing an additional 393 shares in the last quarter.

iShares Core S&P 500 ETF Price Performance

IVV opened at $604.91 on Thursday. iShares Core S&P 500 ETF has a fifty-two week low of $485.19 and a fifty-two week high of $613.79. The company’s 50-day moving average is $599.85 and its 200 day moving average is $578.58. The firm has a market capitalization of $521.98 billion, a PE ratio of 25.23 and a beta of 0.99.

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.