iShares Core S&P 500 ETF $IVV Stake Trimmed by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC lessened its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,062 shares of the ETF’s stock after selling 1,478 shares during the period. iShares Core S&P 500 ETF comprises about 3.5% of KMG Fiduciary Partners LLC’s portfolio, making the stock its 7th largest holding. KMG Fiduciary Partners LLC’s holdings in iShares Core S&P 500 ETF were worth $37,574,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its holdings in iShares Core S&P 500 ETF by 25.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 41,391,871 shares of the ETF’s stock worth $30,997,946,000 after buying an additional 8,432,228 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in iShares Core S&P 500 ETF by 1.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,018,846 shares of the ETF’s stock valued at $26,225,264,000 after buying an additional 421,146 shares in the last quarter. Corient Private Wealth LLC increased its position in iShares Core S&P 500 ETF by 400.8% during the fourth quarter. Corient Private Wealth LLC now owns 17,425,305 shares of the ETF’s stock worth $11,935,288,000 after purchasing an additional 13,946,081 shares during the last quarter. Millennium Management LLC raised its position in shares of iShares Core S&P 500 ETF by 93.3% during the 4th quarter. Millennium Management LLC now owns 14,494,278 shares of the ETF’s stock valued at $9,927,711,000 after buying an additional 6,995,145 shares during the period. Finally, Squarepoint Ops LLC raised its position in iShares Core S&P 500 ETF by 27.2% in the fourth quarter. Squarepoint Ops LLC now owns 10,478,051 shares of the ETF’s stock valued at $7,176,836,000 after purchasing an additional 2,241,167 shares during the period. 70.12% of the stock is owned by hedge funds and other institutional investors.

Key iShares Core S&P 500 ETF News

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

• Positive Sentiment: The S&P 500’s bull market has lasted four years and more than doubled from its October 2022 low, reinforcing investor confidence and supporting demand for broad-market ETFs such as IVV. S&P 500 Bull Market Turns 4
• Positive Sentiment: Investors are looking ahead to third-quarter bank earnings, inflation data and bond-market moves. Strong earnings or softer inflation could provide the next catalyst for the S&P 500 and IVV. Top 3 catalysts for the S&P 500 Index this week
• Neutral Sentiment: Strategists see a potential path toward an S&P 500 level of 8,100, but say both market segments must participate. That could benefit IVV if leadership broadens beyond the largest technology companies. Citi’s Scott Chronert on getting the S&P 500 to 8,100
• Neutral Sentiment: Some analysts argue investors risk missing further gains by repeatedly moving out of stocks and back in. The message supports long-term IVV ownership but does not create a specific near-term catalyst. Jim Cramer says investors keep making this costly mistake
• Negative Sentiment: S&P 500 futures are subdued as investors await major-bank results, while weakness in semiconductor stocks weighs on sentiment. This is a near-term headwind for IVV because large technology and chip companies carry significant index weight. S&P 500 futures muted as investors await big bank earnings
• Negative Sentiment: Four in ten S&P 500 constituents are down for the year, showing that the rally is unusually dependent on a small group of companies. This concentration raises downside risk for IVV if major AI and technology leaders weaken. Wall Street’s big but narrow rally

iShares Core S&P 500 ETF Price Performance

Shares of IVV opened at $781.54 on Wednesday. iShares Core S&P 500 ETF has a 1-year low of $632.14 and a 1-year high of $785.03. The firm has a 50-day simple moving average of $772.00 and a two-hundred day simple moving average of $745.06. The stock has a market cap of $896.04 billion, a PE ratio of 25.10 and a beta of 1.00.

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.