iShares Core S&P 500 ETF $IVV Stock: Taylor & Morgan Wealth Management LLC Raises Stake

Taylor & Morgan Wealth Management LLC lifted its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,947 shares of the ETF’s stock after purchasing an additional 936 shares during the quarter. iShares Core S&P 500 ETF accounts for approximately 12.6% of Taylor & Morgan Wealth Management LLC’s holdings, making the stock its biggest position. Taylor & Morgan Wealth Management LLC’s holdings in iShares Core S&P 500 ETF were worth $22,935,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of IVV. Olistico Wealth LLC bought a new stake in iShares Core S&P 500 ETF during the 3rd quarter valued at about $25,000. Keenan LLC bought a new position in shares of iShares Core S&P 500 ETF in the fourth quarter worth approximately $26,000. Punch & Associates Investment Management Inc. grew 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 valued at $27,000 after buying an additional 14 shares during the last quarter. Allied Private Wealth LLC purchased a new stake in shares of iShares Core S&P 500 ETF during the second quarter valued at approximately $33,000. Finally, Montgomery Financial Services LLC bought a new stake in shares of iShares Core S&P 500 ETF during the second quarter valued at approximately $32,000. Institutional investors own 70.12% of the company’s stock.

Key Stories Impacting iShares Core S&P 500 ETF

Here are the key news stories impacting iShares Core S&P 500 ETF this week:

• Positive Sentiment: Market optimism remains supportive: the S&P 500 reached new highs ahead of the fourth anniversary of its bull market, and one strategist believes the rally could continue. Strength across the index is directly beneficial to IVV, which tracks the S&P 500. S&P 500 Hits New Highs Ahead of Four-Year Bull Market Anniversary
• Positive Sentiment: A bullish forecast calls for the S&P 500 to reach 10,000 in 2027, citing a relatively attractive PEG ratio and historically favorable seasonal conditions. If realized, the outlook implies additional upside for IVV. Prediction: The S&P 500 Will Hit 10,000 in 2027
• Positive Sentiment: Historical analysis suggests October and the period following new market highs can still produce gains, reinforcing the constructive sentiment surrounding broad-market ETFs such as IVV. The S&P 500 Just Reached a New Record

iShares Core S&P 500 ETF Stock Up 0.6%

Shares of IVV opened at $781.97 on Friday. iShares Core S&P 500 ETF has a twelve month low of $632.14 and a twelve month high of $785.03. The company has a market capitalization of $898.80 billion, a P/E ratio of 25.10 and a beta of 1.00. The firm has a 50 day moving average of $771.46 and a 200 day moving average of $742.73.

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.