Csenge Advisory Group increased its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 6.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,177 shares of the ETF’s stock after buying an additional 2,038 shares during the quarter. iShares Core S&P 500 ETF accounts for about 1.0% of Csenge Advisory Group’s portfolio, making the stock its 19th largest position. Csenge Advisory Group’s holdings in iShares Core S&P 500 ETF were worth $26,174,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Olistico Wealth LLC purchased a new stake in iShares Core S&P 500 ETF in the third quarter valued at about $25,000. Punch & Associates Investment Management Inc. boosted its holdings in iShares Core S&P 500 ETF by 50.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock worth $27,000 after acquiring an additional 14 shares in the last quarter. Sawyer & Company Inc purchased a new stake in shares of iShares Core S&P 500 ETF during the third quarter worth about $28,000. Montgomery Financial Services LLC purchased a new stake in shares of iShares Core S&P 500 ETF during the second quarter worth about $32,000. Finally, Virginia Estate & Retirement Planning Advisors Inc. purchased a new stake in shares of iShares Core S&P 500 ETF during the third quarter worth about $32,000. 70.12% of the stock is currently owned by hedge funds and other institutional investors.
iShares Core S&P 500 ETF Stock Down 0.4%
IVV 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 market cap of $869.65 billion, a P/E ratio of 25.10 and a beta of 1.00. The firm’s 50-day moving average price is $768.33 and its 200-day moving average price is $733.94.
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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