Parcion Private Wealth LLC lessened its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 99.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,378 shares of the ETF’s stock after selling 1,161,604 shares during the period. Parcion Private Wealth LLC’s holdings in iShares Core S&P 500 ETF were worth $2,587,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the company. Diversify Advisory Services LLC grew its holdings in shares of iShares Core S&P 500 ETF by 28.7% in the 3rd quarter. Diversify Advisory Services LLC now owns 165,212 shares of the ETF’s stock worth $128,066,000 after purchasing an additional 36,853 shares during the last quarter. Blalock Williams LLC boosted its position in iShares Core S&P 500 ETF by 74.9% in the second quarter. Blalock Williams LLC now owns 16,650 shares of the ETF’s stock valued at $12,469,000 after buying an additional 7,130 shares in the last quarter. Elevated Financial Group LLC grew its stake in iShares Core S&P 500 ETF by 27.7% during the third quarter. Elevated Financial Group LLC now owns 75,609 shares of the ETF’s stock worth $57,905,000 after buying an additional 16,379 shares during the last quarter. Prairie Advisory LLC grew its stake in iShares Core S&P 500 ETF by 123.1% during the third quarter. Prairie Advisory LLC now owns 16,558 shares of the ETF’s stock worth $12,681,000 after buying an additional 9,135 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. increased its holdings in shares of iShares Core S&P 500 ETF by 0.5% during the third quarter. Farmers & Merchants Investments Inc. now owns 392,437 shares of the ETF’s stock worth $300,548,000 after buying an additional 1,848 shares in the last quarter. 70.12% of the stock is owned by institutional investors and hedge funds.
iShares Core S&P 500 ETF Price Performance
Shares of NYSEARCA:IVV opened at $759.18 on Monday. iShares Core S&P 500 ETF has a 12 month low of $632.14 and a 12 month high of $785.03. The company’s 50-day moving average price is $770.86 and its two-hundred day moving average price is $731.81. The firm has a market cap of $870.48 billion, a P/E ratio of 25.10 and a beta of 1.00.
iShares Core S&P 500 ETF News Roundup
- Positive Sentiment: S&P 500 companies posted an estimated 29.5% year-over-year earnings growth in the third quarter, marking a rare third consecutive quarter of growth above 25%. Strong underlying earnings could provide longer-term support for IVV if the results continue to outweigh valuation concerns. Here’s What the S&P 500 Did the Last 2 Times Its Earnings Grew 25%-Plus for 3 Straight Quarters
- Positive Sentiment: Long-term performance data and Warren Buffett’s continued endorsement of low-cost S&P 500 index funds reinforce IVV’s appeal as a diversified, buy-and-hold investment, although historical returns do not guarantee future gains. Warren Buffett Says Most Investors Should Buy the S&P 500
- Neutral Sentiment: Index changes adding Okta and removing Kenvue may prompt routine buying and selling by funds that track the S&P 500. The adjustments are unlikely to materially change IVV’s overall risk profile. Okta Stock Can Find More Buyers as It Joins the S&P 500
- Neutral Sentiment: A sharp decline in Reddit affected a thematic fund more than broad S&P 500 index funds, suggesting limited direct impact on IVV. Own an S&P 500 Fund? Reddit’s Slide Affects You More Than You Think
- Negative Sentiment: The S&P 500 fell for a third consecutive week, with a technology sell-off weighing on the index and IVV. S&P 500 Snapshot: Stocks Edge Lower for 3rd Straight Week
- Negative Sentiment: The market’s Fear reading and a reported plunge in Alphabet shares point to continued risk aversion, particularly toward highly valued technology stocks that carry significant weight in IVV. S&P 500 Ends Three-Day Surge as Alphabet Shares Plunge
- Negative Sentiment: Monthly moving-average signals show a more cautious trend-following backdrop, with the Ivy Portfolio shifting some allocations to cash. This reinforces concerns about near-term momentum in the broader market. Moving Averages of the Ivy Portfolio and S&P 500
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. 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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Want to see what other hedge funds are holding IVV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report).
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