Pictet Asset Management Holding SA reduced its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 98.2% in the first quarter, HoldingsChannel reports. The firm owned 1,386 shares of the company’s stock after selling 74,954 shares during the quarter. Pictet Asset Management Holding SA’s holdings in iShares Core S&P 500 ETF were worth $905,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Keenan LLC purchased a new stake in iShares Core S&P 500 ETF during the fourth quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new position in iShares Core S&P 500 ETF in the 4th quarter worth $29,000. GS Investments Inc. lifted its position in iShares Core S&P 500 ETF by 83.3% during the fourth quarter. GS Investments Inc. now owns 44 shares of the company’s stock valued at $30,000 after purchasing an additional 20 shares in the last quarter. Palouse Capital Management Inc. bought a new stake in iShares Core S&P 500 ETF during the fourth quarter valued at about $38,000. Finally, Imprint Wealth LLC purchased a new stake in iShares Core S&P 500 ETF in the third quarter worth about $39,000. Institutional investors own 70.12% of the company’s stock.
iShares Core S&P 500 ETF Stock Down 0.5%
NYSEARCA IVV opened at $751.08 on Wednesday. iShares Core S&P 500 ETF has a 52 week low of $621.05 and a 52 week high of $764.00. The company has a market capitalization of $887.85 billion, a P/E ratio of 25.10 and a beta of 1.00. The stock’s 50-day moving average price is $743.93 and its 200-day moving average price is $705.75.
More iShares Core S&P 500 ETF News
- Positive Sentiment: Several Wall Street strategists remain constructive on U.S. stocks, with Ed Yardeni reiterating an S&P 500 target of 8,250 by year-end and other commentators saying the index still has room to climb as earnings hold up. Article Title
- Positive Sentiment: Recent commentary also points to favorable earnings growth expectations, reasonable valuations, and the S&P 500’s strong recent run as support for continued upside in broad-market ETFs like IVV. Article Title
- Positive Sentiment: Some analysis says the S&P 500 has more upside left this year, citing technical strength and the possibility that broad index gains can continue even after a recent pullback in large-cap leaders. Article Title
- Neutral Sentiment: The S&P 500 recently had its best week in two months, showing underlying momentum that can help support IVV, though this is partly offset by broader market rotation. Article Title
- Negative Sentiment: Short-term pressure is coming from a chip selloff and renewed AI bubble worries, which dragged the Nasdaq and S&P 500 lower as investors rotated out of tech and into defensive sectors. Article Title
- Negative Sentiment: Bank of America strategist Savita Subramanian warned that the market may face risks ahead and questioned continued enthusiasm for Magnificent Seven and other megacap tech names, which could weigh on index-level performance. Article Title
iShares Core S&P 500 ETF Company 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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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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