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 on Thursday. $165.30 million flowed into the stock on the tick-up and $144.91 million flowed out of the stock on the tick-down, for a money net flow of $20.39 million into the stock. Of all equities tracked, iShares Core S&P 500 ETF had the 33rd highest net in-flow for the day. iShares Core S&P 500 ETF traded down ($0.02) for the day and closed at $290.20

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, March 21st were paid a $1.1296 dividend. This is a positive change from iShares Core S&P 500 ETF’s previous quarterly dividend of $0.32. The ex-dividend date was Wednesday, March 20th. This represents a $4.52 annualized dividend and a dividend yield of 1.56%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. INR Advisory Services LLC bought a new stake in shares of iShares Core S&P 500 ETF in the 4th quarter worth $53,000. Commonwealth Equity Services LLC grew its stake in shares of iShares Core S&P 500 ETF by 10.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,319,137 shares of the company’s stock worth $331,908,000 after acquiring an additional 126,569 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of iShares Core S&P 500 ETF by 29.4% in the 4th quarter. Bank of New York Mellon Corp now owns 3,395,105 shares of the company’s stock worth $854,242,000 after acquiring an additional 771,401 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. bought a new stake in shares of iShares Core S&P 500 ETF in the 4th quarter worth $27,677,000. Finally, MUFG Americas Holdings Corp grew its stake in shares of iShares Core S&P 500 ETF by 4.8% in the 3rd quarter. MUFG Americas Holdings Corp now owns 285,731 shares of the company’s stock worth $83,642,000 after acquiring an additional 13,172 shares in the last quarter.

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iShares Core S&P 500 ETF Company Profile (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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