iShares Core S&P 500 ETF $IVV Shares Sold by Steph & Co.

Steph & Co. reduced its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 14.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 9,930 shares of the ETF’s stock after selling 1,686 shares during the period. iShares Core S&P 500 ETF accounts for about 1.9% of Steph & Co.’s investment portfolio, making the stock its 12th largest holding. Steph & Co.’s holdings in iShares Core S&P 500 ETF were worth $7,605,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IVV. Punch & Associates Investment Management Inc. grew its stake in iShares Core S&P 500 ETF by 50.0% during the first quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock worth $27,000 after buying an additional 14 shares during the last quarter. Hidden Cove Wealth Management LLC raised its stake in shares of iShares Core S&P 500 ETF by 3.5% in the second quarter. Hidden Cove Wealth Management LLC now owns 409 shares of the ETF’s stock valued at $306,000 after acquiring an additional 14 shares during the last quarter. Matthew Goff Investment Advisor LLC boosted its holdings in shares of iShares Core S&P 500 ETF by 2.6% in the 1st quarter. Matthew Goff Investment Advisor LLC now owns 590 shares of the ETF’s stock worth $386,000 after acquiring an additional 15 shares in the last quarter. Richards Merrill & Peterson Inc. boosted its holdings in shares of iShares Core S&P 500 ETF by 2.8% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 556 shares of the ETF’s stock worth $363,000 after acquiring an additional 15 shares in the last quarter. Finally, Sharp Wealth Advisory LLC grew its position in iShares Core S&P 500 ETF by 1.3% during the 1st quarter. Sharp Wealth Advisory LLC now owns 1,159 shares of the ETF’s stock worth $757,000 after acquiring an additional 15 shares during the last quarter. 70.12% of the stock is currently owned by institutional investors and hedge funds.

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Key iShares Core S&P 500 ETF News

Here are the key news stories impacting iShares Core S&P 500 ETF this week:

• Positive Sentiment: Analysts expect S&P 500 earnings growth of nearly 30% year over year in the third quarter, while Deutsche Bank forecasts growth as high as 34%—well above consensus. Continued artificial-intelligence demand and a cyclical recovery could support further gains across IVV’s holdings. Deutsche Bank sees S&P 500 earnings growth holding at record in Q3
• Positive Sentiment: The S&P 500 recently reached a record high as technology and AI-related stocks advanced, while Treasury yields eased from recent highs. This remains a supportive backdrop for IVV, whose largest positions include major technology companies. S&P 500 hits record high as AI stocks rise and Treasury yields ease further
• Neutral Sentiment: Investor sentiment has improved into the neutral zone, and futures have remained near record levels. However, markets are awaiting Federal Reserve meeting minutes and additional third-quarter earnings for confirmation that the rally can continue. Stock Market: Will S&P 500 Open Up or Down Today?
• Negative Sentiment: Concentration risk is increasing: NVIDIA, Apple and Microsoft now represent roughly 21% of the S&P 500. Any pullback in these heavily weighted stocks could disproportionately pressure IVV, even if the broader market remains stable. Three Stocks Are Now 21% of the S&P 500, the Most Ever
• Negative Sentiment: Higher Treasury yields, rising oil prices and renewed U.S.-Iran geopolitical tensions could weigh on valuations and increase volatility. Several mega-cap technology stocks also appear overbought after their recent rally. Stock Market Today: S&P 500, Nasdaq Futures Hover Near Record Highs

iShares Core S&P 500 ETF Trading Down 0.3%

NYSEARCA IVV traded down $1.96 during trading hours on Wednesday, reaching $780.58. 3,644,072 shares of the company’s stock were exchanged, compared to its average volume of 7,929,292. The firm has a fifty day moving average of $770.19 and a 200-day moving average of $741.57. iShares Core S&P 500 ETF has a one year low of $632.14 and a one year high of $785.03. The stock has a market cap of $897.20 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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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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