iShares Core S&P 500 ETF $IVV Shares Sold by ORBA Wealth Advisors L.L.C.

ORBA Wealth Advisors L.L.C. lessened its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 47.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 3,129 shares of the ETF’s stock after selling 2,841 shares during the quarter. iShares Core S&P 500 ETF comprises about 2.0% of ORBA Wealth Advisors L.L.C.’s portfolio, making the stock its 17th largest holding. ORBA Wealth Advisors L.L.C.’s holdings in iShares Core S&P 500 ETF were worth $2,343,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new position in iShares Core S&P 500 ETF during the 4th quarter worth $331,591,000. Bison Wealth LLC boosted its holdings in shares of iShares Core S&P 500 ETF by 24.0% in the fourth quarter. Bison Wealth LLC now owns 7,799 shares of the ETF’s stock valued at $4,591,000 after acquiring an additional 1,511 shares in the last quarter. Schnieders Capital Management LLC. boosted its holdings in shares of iShares Core S&P 500 ETF by 0.8% in the second quarter. Schnieders Capital Management LLC. now owns 5,656 shares of the ETF’s stock valued at $3,512,000 after acquiring an additional 45 shares in the last quarter. First Trust Advisors LP increased its stake in shares of iShares Core S&P 500 ETF by 43.1% during the second quarter. First Trust Advisors LP now owns 6,989 shares of the ETF’s stock worth $4,340,000 after acquiring an additional 2,105 shares during the period. Finally, Sei Investments Co. increased its stake in shares of iShares Core S&P 500 ETF by 1.2% during the second quarter. Sei Investments Co. now owns 8,455 shares of the ETF’s stock worth $5,250,000 after acquiring an additional 97 shares during the period. 70.12% of the stock is owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Price Performance

Shares of NYSEARCA:IVV opened at $780.04 on Monday. iShares Core S&P 500 ETF has a 52 week low of $632.14 and a 52 week high of $783.09. The company has a 50-day moving average price of $752.14 and a 200 day moving average price of $718.97. The company has a market cap of $906.06 billion, a P/E ratio of 25.10 and a beta of 1.00.

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: Cooling inflation supports stocks: A benign PPI reading eased interest-rate concerns and improved investor sentiment, raising expectations that the Federal Reserve may have more flexibility on future policy. S&P 500 Hits New Record High Following PPI Data
• Positive Sentiment: Record index performance and technology strength: The S&P 500 closed at a new high as falling oil prices, easing inflation fears and continued technology-sector gains encouraged risk-taking. This is the most direct support for IVV. Dow rises as S&P 500 closes at record high
• Positive Sentiment: Potential index breakout: Technical analysts see bullish flag formations and possible breakouts in the S&P 500 and Nasdaq, suggesting momentum could continue if geopolitical risks do not intensify. US Indices Forecast
• Positive Sentiment: Tariff refunds may aid constituents: More than 40 S&P 500 companies reported approximately $9.6 billion in tariff refunds, with $2.1 billion already received. These cash benefits could modestly support earnings and liquidity for affected holdings. S&P 500 Companies Claim Tariff Refunds
• Neutral Sentiment: Index reshuffling: Reddit will enter the S&P 500 on August 18, replacing AvalonBay Communities. The change may create short-term rebalancing flows, but its effect on IVV should be limited because Reddit represents a small portion of the index. Reddit shares jump on S&P 500 inclusion
• Negative Sentiment: Geopolitical and policy risks remain: Renewed Middle East tensions and uncertainty ahead of the weekend are limiting gains, while upcoming economic data could renew questions about the Fed’s interest-rate path. S&P 500 edges higher as earnings offset tensions

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.