Portland Global Advisors LLC Reduces Stake in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Portland Global Advisors LLC decreased its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 0.4% during the fourth quarter, HoldingsChannel reports. The firm owned 63,975 shares of the company’s stock after selling 258 shares during the quarter. iShares Core S&P 500 ETF makes up about 4.8% of Portland Global Advisors LLC’s investment portfolio, making the stock its 4th largest position. Portland Global Advisors LLC’s holdings in iShares Core S&P 500 ETF were worth $37,661,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in IVV. SYM FINANCIAL Corp acquired a new position in shares of iShares Core S&P 500 ETF during the 4th quarter valued at about $30,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of iShares Core S&P 500 ETF in the fourth quarter valued at approximately $30,000. Modus Advisors LLC acquired a new position in iShares Core S&P 500 ETF during the 4th quarter worth $32,000. Ulland Investment Advisors LLC purchased a new stake in shares of iShares Core S&P 500 ETF during the fourth quarter worth approximately $32,000. Finally, Sellwood Investment Partners LLC acquired a new stake in shares of iShares Core S&P 500 ETF in the 4th quarter valued at $32,000.

iShares Core S&P 500 ETF Stock Down 2.0 %

Shares of IVV opened at $558.12 on Friday. The stock has a 50 day moving average price of $591.49 and a 200 day moving average price of $589.71. The company has a market capitalization of $537.47 billion, a price-to-earnings ratio of 24.98 and a beta of 1.01. iShares Core S&P 500 ETF has a 52-week low of $496.30 and a 52-week high of $616.22.

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.