iShares Core S&P 500 ETF $IVV Stock Position Boosted by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC boosted its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 26.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,488 shares of the ETF’s stock after buying an additional 9,492 shares during the quarter. iShares Core S&P 500 ETF makes up approximately 1.0% of Sax Wealth Advisors LLC’s portfolio, making the stock its 18th biggest position. Sax Wealth Advisors LLC’s holdings in iShares Core S&P 500 ETF were worth $34,837,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. ALM First Financial Advisors LLC boosted its position in shares of iShares Core S&P 500 ETF by 41.9% during the third quarter. ALM First Financial Advisors LLC now owns 33,130 shares of the ETF’s stock worth $25,373,000 after buying an additional 9,775 shares during the period. Fragasso Financial Advisors Inc grew its stake in shares of iShares Core S&P 500 ETF by 0.9% in the third quarter. Fragasso Financial Advisors Inc now owns 430,546 shares of the ETF’s stock worth $336,674,000 after acquiring an additional 3,995 shares in the last quarter. NorthCrest Asset Manangement LLC increased its position in shares of iShares Core S&P 500 ETF by 0.8% during the third quarter. NorthCrest Asset Manangement LLC now owns 16,519 shares of the ETF’s stock worth $12,840,000 after acquiring an additional 135 shares during the period. Vertrix Wealth Management LLC raised its position in iShares Core S&P 500 ETF by 1.2% in the 3rd quarter. Vertrix Wealth Management LLC now owns 1,875 shares of the ETF’s stock valued at $1,436,000 after purchasing an additional 22 shares in the last quarter. Finally, JGP Wealth Management LLC grew its position in shares of iShares Core S&P 500 ETF by 7.1% during the third quarter. JGP Wealth Management LLC now owns 229,441 shares of the ETF’s stock worth $175,717,000 after buying an additional 15,308 shares in the last quarter. 70.12% of the stock is currently owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Stock Down 0.1%

iShares Core S&P 500 ETF stock traded down $0.82 during trading on Tuesday, reaching $780.62. The stock had a trading volume of 859,241 shares, compared to its average volume of 7,827,722. iShares Core S&P 500 ETF has a 52-week low of $632.14 and a 52-week high of $785.03. The business has a 50 day moving average price of $771.87 and a 200 day moving average price of $744.21. The stock has a market cap of $894.98 billion, a PE ratio of 25.10 and a beta of 1.00.

iShares Core S&P 500 ETF News Summary

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 reached its fourth anniversary, with the index more than doubling from its October 2022 low. The sustained advance supports IVV’s long-term performance and reflects continued investor demand for U.S. large-cap equities. S&P 500 Bull Market Turns 4
• Positive Sentiment: Potential support for the index this week includes third-quarter earnings, cooling energy prices and historically favorable October trading patterns. Strong results from major banks and other large companies could provide another catalyst for IVV. Stock Market: Will S&P 500 Open Up or Down Today?

About iShares Core S&P 500 ETF

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.