Pinnacle Financial Partners Inc Trims Stock Holdings in iShares Core S&P 500 ETF $IVV

by · The Markets Daily

Pinnacle Financial Partners Inc reduced its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 8.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,110 shares of the company’s stock after selling 4,857 shares during the period. iShares Core S&P 500 ETF accounts for 0.8% of Pinnacle Financial Partners Inc’s portfolio, making the stock its 26th biggest holding. Pinnacle Financial Partners Inc’s holdings in iShares Core S&P 500 ETF were worth $34,877,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IVV. Northwestern Mutual Wealth Management Co. lifted its holdings in iShares Core S&P 500 ETF by 3.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 32,488,472 shares of the company’s stock valued at $20,172,093,000 after purchasing an additional 1,190,963 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of iShares Core S&P 500 ETF by 18.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 28,271,587 shares of the company’s stock valued at $17,553,830,000 after purchasing an additional 4,378,977 shares during the period. Creative Planning lifted its stake in shares of iShares Core S&P 500 ETF by 1.8% during the 2nd quarter. Creative Planning now owns 22,229,974 shares of the company’s stock valued at $13,802,591,000 after buying an additional 398,230 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in iShares Core S&P 500 ETF by 0.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 15,375,370 shares of the company’s stock worth $9,546,567,000 after buying an additional 105,099 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in iShares Core S&P 500 ETF by 56.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 11,955,236 shares of the company’s stock worth $8,001,639,000 after buying an additional 4,301,015 shares during the period. 70.12% of the stock is owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Stock Down 0.1%

NYSEARCA:IVV opened at $694.66 on Friday. The business’s 50-day simple moving average is $684.86 and its two-hundred day simple moving average is $664.54. iShares Core S&P 500 ETF has a 52 week low of $484.00 and a 52 week high of $699.17. The stock has a market cap of $772.43 billion, a PE ratio of 25.10 and a beta of 1.00.

iShares Core S&P 500 ETF Profile

(Free Report)

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. The component stocks are weighted according to the total float-adjusted market value of their outstanding shares. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.

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