Simplify Asset Management Inc. Trims Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Simplify Asset Management Inc. lowered its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 29.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 702,365 shares of the company’s stock after selling 287,115 shares during the period. iShares Core S&P 500 ETF comprises 25.8% of Simplify Asset Management Inc.’s holdings, making the stock its largest holding. Simplify Asset Management Inc. owned about 0.08% of iShares Core S&P 500 ETF worth $384,355,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of IVV. Envestnet Asset Management Inc. increased its position in iShares Core S&P 500 ETF by 21.3% during 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 purchasing an additional 6,319,531 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of iShares Core S&P 500 ETF by 60.7% in the 1st quarter. JPMorgan Chase & Co. now owns 20,161,417 shares of the company’s stock valued at $10,599,462,000 after purchasing an additional 7,615,287 shares during the last quarter. Creative Planning boosted its stake in shares of iShares Core S&P 500 ETF by 0.7% in the 4th quarter. Creative Planning now owns 20,109,262 shares of the company’s stock valued at $93,763,000 after purchasing an additional 146,157 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of iShares Core S&P 500 ETF by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 13,683,639 shares of the company’s stock worth $7,488,098,000 after buying an additional 237,585 shares during the period. Finally, Royal Bank of Canada raised its stake in iShares Core S&P 500 ETF by 3.2% during the fourth quarter. Royal Bank of Canada now owns 7,446,115 shares of the company’s stock worth $3,556,487,000 after buying an additional 228,840 shares during the last quarter.

iShares Core S&P 500 ETF Trading Up 1.7 %

Shares of IVV opened at $574.12 on Friday. The firm’s fifty day simple moving average is $553.47 and its two-hundred day simple moving average is $536.61. iShares Core S&P 500 ETF has a 12 month low of $411.02 and a 12 month high of $576.10. The stock has a market capitalization of $495.41 billion, a P/E ratio of 25.23 and a beta of 0.99.

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.