iShares Core S&P 500 ETF $IVV Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC boosted its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 10.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 353,499 shares of the ETF’s stock after purchasing an additional 32,223 shares during the period. iShares Core S&P 500 ETF makes up about 1.1% of Merit Financial Group LLC’s portfolio, making the stock its 14th biggest position. Merit Financial Group LLC’s holdings in iShares Core S&P 500 ETF were worth $264,732,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. SlateStone Wealth LLC increased its position in shares of iShares Core S&P 500 ETF by 3.6% in the 2nd quarter. SlateStone Wealth LLC now owns 3,401 shares of the ETF’s stock valued at $2,547,000 after acquiring an additional 118 shares during the period. Allied Investment Advisors LLC raised its stake in iShares Core S&P 500 ETF by 4.2% in the 2nd quarter. Allied Investment Advisors LLC now owns 446 shares of the ETF’s stock worth $334,000 after acquiring an additional 18 shares during the last quarter. PFS Partners LLC lifted its position in iShares Core S&P 500 ETF by 0.4% during the 2nd quarter. PFS Partners LLC now owns 10,949 shares of the ETF’s stock worth $8,200,000 after acquiring an additional 40 shares during the period. PCB Capital LLC acquired a new stake in iShares Core S&P 500 ETF during the 2nd quarter worth about $228,000. Finally, Global Financial Private Client LLC grew its stake in iShares Core S&P 500 ETF by 9.6% during the 2nd quarter. Global Financial Private Client LLC now owns 5,647 shares of the ETF’s stock valued at $4,229,000 after purchasing an additional 493 shares during the last quarter. Institutional investors and hedge funds own 70.12% of the company’s stock.

More iShares Core S&P 500 ETF News

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

• Positive Sentiment: A moderated wholesale-inflation reading reduced fears that the Federal Reserve would need to keep interest rates higher for longer. The S&P 500 gained 0.66% and briefly crossed 7,800, providing the main catalyst for IVV’s advance. U.S. Stocks Rise, S&P 500 Closes at Record High, After Inflation Data
• Positive Sentiment: Technology stocks and artificial-intelligence infrastructure companies continued to lead the market, while falling oil prices further supported investor risk appetite. Continued AI optimism could benefit IVV because large technology companies represent a significant portion of the ETF. Dow rises as S&P 500 closes at record high on softer inflation, tech gains
• Positive Sentiment: More than 40 S&P 500 companies reported approximately $9.6 billion in tariff refunds, including about $2.1 billion already received in cash. The refunds may support corporate earnings and cash flow across some IVV holdings. S&P 500 Companies Claim First Payouts From $100 Billion Tariff Refund Wave
• Neutral Sentiment: Reddit’s planned addition to the S&P 500 reflects continued market strength and will modestly change the index’s holdings, but its direct effect on IVV should be limited. Reddit shares jump 11% on inclusion in S&P 500
• Negative Sentiment: The S&P 500’s historically low dividend yield may make IVV less attractive to investors primarily seeking current income, although it does not appear to be the immediate driver of the ETF’s movement. The S&P 500 Yield Is the Lowest in History

iShares Core S&P 500 ETF Stock Performance

Shares of IVV stock opened at $781.47 on Friday. The stock’s 50-day simple moving average is $751.36 and its 200-day simple moving average is $718.38. The firm has a market capitalization of $907.72 billion, a PE ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a fifty-two week low of $632.14 and a fifty-two week high of $783.09.

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.