Peddock Capital Advisors LLC raised its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 1.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,780 shares of the ETF’s stock after purchasing an additional 727 shares during the period. iShares Core S&P 500 ETF makes up approximately 6.4% of Peddock Capital Advisors LLC’s holdings, making the stock its 3rd largest holding. Peddock Capital Advisors LLC’s holdings in iShares Core S&P 500 ETF were worth $32,763,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Olistico Wealth LLC purchased a new position in shares of iShares Core S&P 500 ETF in the 3rd quarter worth about $25,000. Punch & Associates Investment Management Inc. increased its position in shares of iShares Core S&P 500 ETF by 50.0% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. Virginia Estate & Retirement Planning Advisors Inc. bought a new position in shares of iShares Core S&P 500 ETF during the 3rd quarter valued at about $32,000. Allied Private Wealth LLC bought a new position in shares of iShares Core S&P 500 ETF during the 2nd quarter valued at about $33,000. Finally, Montgomery Financial Services LLC purchased a new position in shares of iShares Core S&P 500 ETF during the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 70.12% of the company’s stock.
iShares Core S&P 500 ETF Trading Down 1.1%
Shares of NYSEARCA IVV opened at $766.67 on Friday. The stock has a market cap of $879.68 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 1-year low of $632.14 and a 1-year high of $785.03. The stock’s 50-day moving average is $771.85 and its 200 day moving average is $747.06.
Key Stories Impacting iShares Core S&P 500 ETF
Here are the key news stories impacting iShares Core S&P 500 ETF this week:
- Positive Sentiment: Strengthening earnings estimates, upbeat third-quarter expectations, and forecasts for resilient holiday spending continue to support S&P 500 ETFs. Historical midterm-year performance is another potential tailwind for IVV. S&P 500 ETFs Defy Rate Worries as Earnings Outlook Strengthens
- Positive Sentiment: Although September inflation accelerated to 3.7%, historical data shows the S&P 500 rose during the following year after roughly 69% of months with inflation at or above 3.5%, suggesting elevated inflation does not automatically signal a prolonged selloff. Inflation Rose to 3.7% in September. Is It Time to Sell the S&P 500?
- Neutral Sentiment: Comparisons with VOO, VTI, and SPY highlight IVV’s large-cap S&P 500 exposure, while expense ratios, trading spreads, and liquidity remain important considerations for investors choosing among index ETFs. VOO, VTI, SPY, or IVV? How These 4 Index Funds Differ
- Negative Sentiment: Higher-than-expected producer and consumer inflation is keeping Federal Reserve policy risk in focus, potentially limiting valuation expansion for the S&P 500 and pressuring rate-sensitive growth stocks. S&P 500: Hot PPI Tests Stock Rebound as Tech Selling Pressures Nasdaq
- Negative Sentiment: The index’s 53-session run without a 1% decline has ended, while 84% of S&P 500 components are already in correction territory. These signals point to narrow leadership and heightened underlying market fragility despite the index remaining near record levels. The S&P 500 Went More Than 50 Trading Days Without a 1% Drop
- Negative Sentiment: Technology and AI-linked companies account for much of recent earnings growth and index gains, raising concentration and valuation risks. With IVV’s price-to-earnings ratio near 25, investors may be vulnerable to disappointment if third-quarter results do not justify elevated expectations. The S&P 500 Is Expecting Something Extraordinary
iShares Core S&P 500 ETF Profile
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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