First Command Advisory Services Inc. raised its position in iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 3.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,037,102 shares of the ETF’s stock after purchasing an additional 325,070 shares during the quarter. iShares Core S&P 500 ETF accounts for approximately 37.5% of First Command Advisory Services Inc.’s holdings, making the stock its largest holding. First Command Advisory Services Inc.’s holdings in iShares Core S&P 500 ETF were worth $6,921,065,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in shares of iShares Core S&P 500 ETF by 25.6% during the second quarter. Envestnet Asset Management Inc. now owns 41,391,871 shares of the ETF’s stock worth $30,997,946,000 after buying an additional 8,432,228 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in iShares Core S&P 500 ETF by 1.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,018,846 shares of the ETF’s stock worth $26,225,264,000 after acquiring an additional 421,146 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in iShares Core S&P 500 ETF by 17.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 21,395,674 shares of the ETF’s stock worth $16,380,993,000 after acquiring an additional 3,141,233 shares during the last quarter. Capula Management Ltd boosted its position in iShares Core S&P 500 ETF by 1,374.6% during the 1st quarter. Capula Management Ltd now owns 9,094,984 shares of the ETF’s stock worth $5,940,934,000 after acquiring an additional 8,478,226 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of iShares Core S&P 500 ETF by 386.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 4,777,691 shares of the ETF’s stock worth $3,577,965,000 after acquiring an additional 3,795,730 shares in the last quarter. Institutional investors and hedge funds own 70.12% of the company’s stock.
Key Headlines Impacting iShares Core S&P 500 ETF
These are some of the IVV headlines that stood out recently:
- Positive Sentiment: Futures also climbed as falling oil prices lifted market sentiment, providing a near-term tailwind for broad U.S. equities. Reuters article
- Negative Sentiment: Reuters technical analysis warned that the S&P 500 could face further losses, a direct risk for IVV, which tracks the index. Reuters article
- Negative Sentiment: Commentary highlighted a historically weak start to November and noted that the S&P 500’s prior weakest starts were followed by gains through the next April only half the time. Other analysis also raised the possibility of a correction, citing recent declines and tech-valuation risks. Historical performance article Correction risk article
iShares Core S&P 500 ETF Stock Up 1.3%
Shares of IVV opened at $763.08 on Thursday. iShares Core S&P 500 ETF has a twelve month low of $632.14 and a twelve month high of $785.03. The stock has a market capitalization of $885.17 billion, a P/E ratio of 23.48 and a beta of 1.01. The company has a 50 day moving average of $768.29 and a 200-day moving average of $734.29.
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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