Wealth Alliance LLC Grows Holdings in iShares Core S&P 500 ETF $IVV

Wealth Alliance LLC raised its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 12.9% during the first quarter, Holdings Channel reports. The firm owned 62,811 shares of the ETF’s stock after buying an additional 7,192 shares during the quarter. iShares Core S&P 500 ETF makes up approximately 4.1% of Wealth Alliance LLC’s portfolio, making the stock its 2nd biggest position. Wealth Alliance LLC’s holdings in iShares Core S&P 500 ETF were worth $41,029,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Keenan LLC bought a new position in iShares Core S&P 500 ETF in the fourth quarter worth about $26,000. Decker Retirement Planning Inc. bought a new stake in iShares Core S&P 500 ETF during the 4th quarter valued at approximately $29,000. GS Investments Inc. boosted its position in iShares Core S&P 500 ETF by 83.3% during the 4th quarter. GS Investments Inc. now owns 44 shares of the ETF’s stock valued at $30,000 after acquiring an additional 20 shares in the last quarter. Palouse Capital Management Inc. purchased a new position in shares of iShares Core S&P 500 ETF during the 4th quarter worth approximately $38,000. Finally, Imprint Wealth LLC purchased a new position in shares of iShares Core S&P 500 ETF during the 3rd quarter worth approximately $39,000. 70.12% of the stock is owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF News Summary

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

• Negative Sentiment: The S&P 500 ended a choppy week in the red, falling 0.6% and logging a second straight weekly decline, which can weigh on IVV because it mirrors the index. S&P 500 Snapshot: Index Ends Choppy Week in the Red
• Negative Sentiment: Rising Treasury yields and a spike in oil prices have pressured stocks, with traders watching for more volatility and possible further downside in the S&P 500. S&P 500 Slides as Rising Treasury Yields Pressure Stocks
• Negative Sentiment: Options traders are eyeing key “risk pivot” levels as the S&P 500 sells off, suggesting markets remain fragile and could stay choppy near term. As the S&P 500 sells off, traders eye key ‘risk pivot’ level
• Neutral Sentiment: Friday’s U.S. trading session was mixed, with the Dow supported by Apple while semiconductor weakness held back the broader market, leaving the S&P 500 near flat on the day. Dow gains as Apple offsets chip weakness, S&P 500 closes near flat
• Neutral Sentiment: Commentary on BlackRock’s iShares franchise and broad S&P 500 exposure highlights the ETF’s size and popularity, but does not indicate a direct catalyst for IVV’s price. Inside the Success of BlackRock’s iShares ETFs

iShares Core S&P 500 ETF Stock Performance

Shares of NYSEARCA:IVV opened at $742.36 on Friday. The firm has a market capitalization of $869.34 billion, a P/E ratio of 25.10 and a beta of 1.00. The stock has a 50 day moving average price of $748.47 and a 200-day moving average price of $711.34. iShares Core S&P 500 ETF has a 52-week low of $622.31 and a 52-week high of $764.00.

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.