Cornerstone Wealth Management LLC lowered its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 2.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,146 shares of the ETF’s stock after selling 1,888 shares during the quarter. iShares Core S&P 500 ETF comprises 2.2% of Cornerstone Wealth Management LLC’s portfolio, making the stock its 6th largest holding. Cornerstone Wealth Management LLC’s holdings in iShares Core S&P 500 ETF were worth $53,721,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in IVV. Diversify Advisory Services LLC grew its stake in 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 valued at $128,066,000 after buying an additional 36,853 shares during the last quarter. Blalock Williams LLC raised its holdings in iShares Core S&P 500 ETF by 74.9% in the 2nd quarter. Blalock Williams LLC now owns 16,650 shares of the ETF’s stock worth $12,469,000 after acquiring an additional 7,130 shares during the period. Elevated Financial Group LLC lifted its position in iShares Core S&P 500 ETF by 27.7% during the 3rd quarter. Elevated Financial Group LLC now owns 75,609 shares of the ETF’s stock worth $57,905,000 after acquiring an additional 16,379 shares during the last quarter. Prairie Advisory LLC lifted its position in iShares Core S&P 500 ETF by 123.1% during the 3rd quarter. Prairie Advisory LLC now owns 16,558 shares of the ETF’s stock worth $12,681,000 after acquiring an additional 9,135 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. lifted its position in iShares Core S&P 500 ETF by 0.5% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 392,437 shares of the ETF’s stock worth $300,548,000 after acquiring an additional 1,848 shares during the last quarter. Institutional investors own 70.12% of the company’s stock.
iShares Core S&P 500 ETF Price Performance
IVV stock opened at $753.37 on Wednesday. iShares Core S&P 500 ETF has a 52-week low of $632.14 and a 52-week high of $785.03. The company has a 50-day moving average of $768.33 and a two-hundred day moving average of $733.94. The stock has a market capitalization of $869.65 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00.
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: U.S. stock futures rose as lower oil prices lifted market sentiment, while dip-buying in technology shares had recently helped U.S. stocks rebound. These developments could support IVV if the recovery continues. Reuters: S&P 500, Dow futures climb as oil slide lifts sentiment Risk-On: S&P 500 Surges Out of the Gate
- Neutral Sentiment: IVV’s reported holdings activity included additions of Apple and Nvidia. This reflects changes in the ETF’s index-linked portfolio, but the reports do not indicate a separate active investment decision or a clear directional signal for the fund. IVV Adds Apple and Nvidia on Nov. 6
- Neutral Sentiment: Altiora Financial Group disclosed that it cut its IVV position by about half. This was one firm’s portfolio decision and does not, on its own, establish a broader change in investor demand. Altiora Financial Group decreased its IVV position
- Negative Sentiment: The S&P 500’s early-November decline was its third-weakest start to the month since 1950. Historical comparisons offer no strong reassurance: after the eight weakest starts, the index finished the following April higher only four times. Weak November starts and what followed
- Negative Sentiment: Commentary highlights continued market declines and the risk that high technology valuations could weigh on the S&P 500. IVV’s broad exposure does not eliminate that risk, particularly given the index’s substantial technology weighting. Is the S&P 500 Heading for a Correction?
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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