Pettyjohn Wood & White Inc. lifted its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 34.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,387 shares of the company’s stock after acquiring an additional 1,882 shares during the quarter. Pettyjohn Wood & White Inc.’s holdings in iShares Core S&P 500 ETF were worth $5,060,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Clarity Retirement & Wealth LLC acquired a new stake in iShares Core S&P 500 ETF in the 4th quarter valued at about $2,025,000. Focus Partners Advisor Solutions LLC increased its position in iShares Core S&P 500 ETF by 15.9% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 41,306 shares of the company’s stock valued at $28,293,000 after acquiring an additional 5,668 shares in the last quarter. Howard Bailey Securities LLC increased its position in iShares Core S&P 500 ETF by 13.2% in the 4th quarter. Howard Bailey Securities LLC now owns 2,167 shares of the company’s stock valued at $1,484,000 after acquiring an additional 252 shares in the last quarter. Marks Group Wealth Management Inc increased its position in iShares Core S&P 500 ETF by 25.5% in the 4th quarter. Marks Group Wealth Management Inc now owns 2,009 shares of the company’s stock valued at $1,376,000 after acquiring an additional 408 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC increased its position in iShares Core S&P 500 ETF by 6.4% in the 4th quarter. Commonwealth Retirement Investments LLC now owns 9,122 shares of the company’s stock valued at $6,248,000 after acquiring an additional 551 shares in the last quarter. Institutional investors and hedge funds own 70.12% of the company’s stock.
iShares Core S&P 500 ETF Trading Up 0.2%
IVV opened at $742.66 on Tuesday. The stock has a market capitalization of $820.08 billion, a PE ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 1-year low of $594.71 and a 1-year high of $764.00. The firm has a 50-day moving average price of $717.95 and a two-hundred day moving average price of $696.31.
Key Stories Impacting iShares Core S&P 500 ETF
- Positive Sentiment: Citi raised its S&P 500 target to 8,100, saying strong earnings and continued AI spending may outweigh macro risks, which supports a bullish case for broad index funds like IVV. The Stock Market Just Got Crushed. Why Citi Is Raising Its S&P 500 Target.
- Positive Sentiment: Chip and AI-related stocks showed signs of stabilizing, with Intel leading the S&P 500 higher and Marvell jumping after news of its S&P 500 inclusion, which can help sentiment for the broader index. Intel Is Today’s Top S&P 500 Stock. These Are the Reasons Why. Marvell Technology jumps almost 9% in premarket after news it will join the S&P 500 index
- Neutral Sentiment: Analysts are discussing where buyers may re-enter after Friday’s rout, helped by lower bond yields, suggesting the ETF could find support if rates continue easing. Where S&P 500 Buyers May Surface After Friday’s Rout
- Negative Sentiment: Several reports warn the S&P 500 could face a deeper correction after breaking technical support, reinforcing downside risk for IVV if selling resumes. Trading expert warns of strong S&P 500 correction ahead
- Negative Sentiment: Broad market weakness after Friday’s reversal, triggered by payrolls data and disappointing reactions to some earnings, is still weighing on sentiment for S&P 500 ETFs. Top catalysts that will drive the S&P 500 Index, VOO, SPY, and IVV 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.
See Also
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