Lazard Asset Management LLC reduced its position in iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 10.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 291,105 shares of the ETF’s stock after selling 34,571 shares during the quarter. Lazard Asset Management LLC’s holdings in iShares Core S&P 500 ETF were worth $190,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of IVV. Keenan LLC purchased a new position in shares of iShares Core S&P 500 ETF during the 4th quarter valued at $26,000. Punch & Associates Investment Management Inc. increased its stake in iShares Core S&P 500 ETF by 50.0% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock worth $27,000 after buying an additional 14 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in iShares Core S&P 500 ETF during the fourth quarter valued at about $29,000. GS Investments Inc. raised its holdings in iShares Core S&P 500 ETF by 83.3% during the fourth quarter. GS Investments Inc. now owns 44 shares of the ETF’s stock valued at $30,000 after acquiring an additional 20 shares during the period. Finally, Palouse Capital Management Inc. bought a new stake in iShares Core S&P 500 ETF during the fourth quarter valued at about $38,000. 70.12% of the stock is owned by hedge funds and other institutional investors.
iShares Core S&P 500 ETF Stock Performance
Shares of IVV opened at $742.36 on Monday. The business’s 50 day moving average is $748.47 and its 200 day moving average is $711.49. iShares Core S&P 500 ETF has a 12-month low of $622.31 and a 12-month high of $764.00. The company has a market capitalization of $869.45 billion, a PE ratio of 25.10 and a beta of 1.00.
Key iShares Core S&P 500 ETF News
- Negative Sentiment: The S&P 500 ended a choppy week in the red, falling 0.6% and logging a second straight weekly decline, which can weigh on IVV because it mirrors the index. S&P 500 Snapshot: Index Ends Choppy Week in the Red
- Negative Sentiment: Rising Treasury yields and a spike in oil prices have pressured stocks, with traders watching for more volatility and possible further downside in the S&P 500. S&P 500 Slides as Rising Treasury Yields Pressure Stocks
- Negative Sentiment: Options traders are eyeing key “risk pivot” levels as the S&P 500 sells off, suggesting markets remain fragile and could stay choppy near term. As the S&P 500 sells off, traders eye key ‘risk pivot’ level
- Neutral Sentiment: Friday’s U.S. trading session was mixed, with the Dow supported by Apple while semiconductor weakness held back the broader market, leaving the S&P 500 near flat on the day. Dow gains as Apple offsets chip weakness, S&P 500 closes near flat
- Neutral Sentiment: Commentary on BlackRock’s iShares franchise and broad S&P 500 exposure highlights the ETF’s size and popularity, but does not indicate a direct catalyst for IVV’s price. Inside the Success of BlackRock’s iShares ETFs
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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