Orgel Wealth Management LLC raised its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 3.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 671,431 shares of the ETF’s stock after purchasing an additional 24,895 shares during the quarter. iShares Core S&P 500 ETF accounts for about 9.7% of Orgel Wealth Management LLC’s holdings, making the stock its 2nd biggest holding. Orgel Wealth Management LLC’s holdings in iShares Core S&P 500 ETF were worth $514,216,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in IVV. Olistico Wealth LLC bought a new position in shares of iShares Core S&P 500 ETF during the third quarter valued at about $25,000. Keenan LLC purchased a new stake in shares of iShares Core S&P 500 ETF during the fourth quarter worth about $26,000. Punch & Associates Investment Management Inc. boosted its holdings in shares of iShares Core S&P 500 ETF by 50.0% during the first quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock worth $27,000 after purchasing an additional 14 shares during the period. Montgomery Financial Services LLC bought a new stake in shares of iShares Core S&P 500 ETF in the second quarter worth about $32,000. Finally, Virginia Estate & Retirement Planning Advisors Inc. purchased a new position in iShares Core S&P 500 ETF during the 3rd quarter valued at about $32,000. Institutional investors own 70.12% of the company’s stock.
iShares Core S&P 500 ETF News Roundup
Here are the key news stories impacting iShares Core S&P 500 ETF this week:
- Positive Sentiment: Upbeat earnings expectations, positive analyst estimate revisions and forecasts for strong holiday spending are supporting S&P 500 ETFs despite rate concerns. S&P 500 ETFs Defy Rate Worries as Earnings Outlook Strengthens
- Positive Sentiment: Strategists say the S&P 500 could reach 8,000 or 8,100 if third-quarter earnings are exceptionally strong and currently lagging sectors begin participating in the rally. That would benefit IVV’s diversified holdings. S&P 500’s march to 8,000 hinges on very strong third quarter Citi Says the S&P 500 Hits 8,100
- Neutral Sentiment: The market remains near record levels, but technology stocks represent an unusually large share of the S&P 500. Analysts argue that broader participation outside technology may be needed to sustain further gains. Tech Stocks Have Taken Over the S&P 500
- Negative Sentiment: Hot producer- and consumer-price data are keeping Federal Reserve and interest-rate risks in focus. Higher Treasury yields have pressured technology and semiconductor shares, which are important components of IVV. Hot PPI Tests Stock Rebound Hot CPI Puts Long-Term Yields Back in Control
- Negative Sentiment: Several reports warn that AI-driven earnings growth is concentrated in technology and energy, while 84% of S&P 500 constituents are in correction territory. That divergence raises the risk of a broader pullback despite the index’s strong headline performance. 84% of S&P 500 Stocks Are in Correction Territory
iShares Core S&P 500 ETF Stock Performance
IVV opened at $775.16 on Friday. The stock has a market capitalization of $888.72 billion, a PE ratio of 25.10 and a beta of 1.00. The stock’s 50 day moving average price is $772.06 and its 200-day moving average price is $746.92. iShares Core S&P 500 ETF has a 52-week low of $632.14 and a 52-week high of $785.03.
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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