Traders Buy iShares Core S&P 500 ETF (IVV) on Weakness

Investors bought shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) on weakness during trading hours on Wednesday. $447.39 million flowed into the stock on the tick-up and $341.31 million flowed out of the stock on the tick-down, for a money net flow of $106.08 million into the stock. Of all equities tracked, iShares Core S&P 500 ETF had the 7th highest net in-flow for the day. iShares Core S&P 500 ETF traded down ($8.84) for the day and closed at $272.53

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in iShares Core S&P 500 ETF by 0.3% during the second quarter. BlackRock Inc. now owns 41,153,235 shares of the company’s stock worth $11,236,891,000 after acquiring an additional 119,164 shares in the last quarter. Bank of America Corp DE raised its stake in iShares Core S&P 500 ETF by 92.9% during the second quarter. Bank of America Corp DE now owns 26,725,390 shares of the company’s stock worth $7,297,367,000 after acquiring an additional 12,869,538 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in iShares Core S&P 500 ETF by 8.6% during the third quarter. Envestnet Asset Management Inc. now owns 16,882,577 shares of the company’s stock worth $4,942,037,000 after acquiring an additional 1,340,663 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in iShares Core S&P 500 ETF by 10.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 11,954,449 shares of the company’s stock worth $3,499,811,000 after acquiring an additional 1,175,700 shares in the last quarter. Finally, FMR LLC raised its stake in iShares Core S&P 500 ETF by 19.7% during the second quarter. FMR LLC now owns 8,845,317 shares of the company’s stock worth $2,415,213,000 after acquiring an additional 1,453,780 shares in the last quarter.

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About iShares Core S&P 500 ETF (NYSEARCA:IVV)

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.

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