iShares Core S&P 500 ETF $IVV Stock: Adirondack Capital Advisors LLC Increases Holdings

Adirondack Capital Advisors LLC grew its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,099 shares of the ETF’s stock after purchasing an additional 1,429 shares during the period. iShares Core S&P 500 ETF makes up approximately 25.5% of Adirondack Capital Advisors LLC’s investment portfolio, making the stock its largest holding. Adirondack Capital Advisors LLC’s holdings in iShares Core S&P 500 ETF were worth $49,090,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IVV. Olistico Wealth LLC acquired a new stake in iShares Core S&P 500 ETF in the 3rd quarter valued at $25,000. Keenan LLC acquired a new stake in iShares Core S&P 500 ETF in the 4th quarter valued at about $26,000. Punch & Associates Investment Management Inc. lifted its position in shares of iShares Core S&P 500 ETF by 50.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock valued at $27,000 after buying an additional 14 shares during the last quarter. Allied Private Wealth LLC acquired a new position in shares of iShares Core S&P 500 ETF during the 2nd quarter worth approximately $33,000. Finally, Montgomery Financial Services LLC bought a new position in iShares Core S&P 500 ETF during the second quarter worth $32,000. 70.12% of the stock is currently owned by institutional investors.

iShares Core S&P 500 ETF Stock Up 0.6%

iShares Core S&P 500 ETF stock opened at $781.97 on Friday. The stock has a market cap of $898.80 billion, a P/E ratio of 25.10 and a beta of 1.00. The company’s 50-day moving average price is $771.46 and its two-hundred day moving average price is $742.73. iShares Core S&P 500 ETF has a twelve month low of $632.14 and a twelve month high of $785.03.

Key Headlines Impacting iShares Core S&P 500 ETF

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

• Positive Sentiment: Market optimism remains supportive: the S&P 500 reached new highs ahead of the fourth anniversary of its bull market, and one strategist believes the rally could continue. Strength across the index is directly beneficial to IVV, which tracks the S&P 500. S&P 500 Hits New Highs Ahead of Four-Year Bull Market Anniversary
• Positive Sentiment: A bullish forecast calls for the S&P 500 to reach 10,000 in 2027, citing a relatively attractive PEG ratio and historically favorable seasonal conditions. If realized, the outlook implies additional upside for IVV. Prediction: The S&P 500 Will Hit 10,000 in 2027
• Positive Sentiment: Historical analysis suggests October and the period following new market highs can still produce gains, reinforcing the constructive sentiment surrounding broad-market ETFs such as IVV. The S&P 500 Just Reached a New Record

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.