St. Clair Advisors LLC Purchases 1,136 Shares of iShares Core S&P 500 ETF $IVV

St. Clair Advisors LLC grew its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 0.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 172,567 shares of the ETF’s stock after purchasing an additional 1,136 shares during the period. iShares Core S&P 500 ETF accounts for 31.6% of St. Clair Advisors LLC’s investment portfolio, making the stock its biggest holding. St. Clair Advisors LLC’s holdings in iShares Core S&P 500 ETF were worth $132,161,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Punch & Associates Investment Management Inc. lifted its stake in shares of iShares Core S&P 500 ETF by 50.0% during the first quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock valued at $27,000 after acquiring an additional 14 shares during the period. Hidden Cove Wealth Management LLC boosted its holdings in iShares Core S&P 500 ETF by 3.5% in the second quarter. Hidden Cove Wealth Management LLC now owns 409 shares of the ETF’s stock valued at $306,000 after acquiring an additional 14 shares during the last quarter. Matthew Goff Investment Advisor LLC increased its position in iShares Core S&P 500 ETF by 2.6% in the first quarter. Matthew Goff Investment Advisor LLC now owns 590 shares of the ETF’s stock worth $386,000 after purchasing an additional 15 shares during the period. Richards Merrill & Peterson Inc. increased its position in iShares Core S&P 500 ETF by 2.8% in the first quarter. Richards Merrill & Peterson Inc. now owns 556 shares of the ETF’s stock worth $363,000 after purchasing an additional 15 shares during the period. Finally, Sharp Wealth Advisory LLC increased its position in iShares Core S&P 500 ETF by 1.3% in the first quarter. Sharp Wealth Advisory LLC now owns 1,159 shares of the ETF’s stock worth $757,000 after purchasing an additional 15 shares during the period. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF News Roundup

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 entered its fourth year and has more than doubled from its October 2022 low. The sustained gains support demand for index-tracking funds such as IVV, although the rally’s durability now depends on earnings growth. S&P 500 Bull Market Turns 4
• Positive Sentiment: Cooling energy prices and expectations for third-quarter bank earnings have helped support a constructive start to the week. Strong bank results could broaden the rally and provide additional support for IVV. Stock Market: Will S&P 500 Open Up or Down Today?
• Neutral Sentiment: Investors are watching bond yields, the upcoming earnings season and U.S. inflation data. These events could determine whether the index pushes beyond its recent record or pauses, making them important near-term catalysts for IVV. Top 3 Catalysts for the S&P 500 Index This Week
• Neutral Sentiment: Strategists are discussing whether the S&P 500 can reach 8,100, but note that both market segments need to participate. This highlights the need for broader earnings strength beyond the largest technology companies. Citi Strategist on an 8,100 S&P 500
• Negative Sentiment: Index futures were muted as weakness in chip stocks offset anticipation of major-bank earnings, limiting immediate upside for IVV. S&P 500 Futures Muted as Investors Await Bank Earnings
• Negative Sentiment: Four in 10 S&P 500 constituents are reportedly down for the year, showing that the rally is narrow and heavily dependent on a small group of companies. Concentration raises volatility and downside risk for IVV if mega-cap leaders weaken. Wall Street’s Big but Narrow Rally

iShares Core S&P 500 ETF Stock Performance

NYSEARCA:IVV traded up $0.10 on Tuesday, hitting $781.54. 3,963,406 shares of the stock were exchanged, compared to its average volume of 7,843,915. The stock has a market capitalization of $896.04 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 52 week low of $632.14 and a 52 week high of $785.03. The company’s 50-day moving average price is $771.87 and its 200 day moving average price is $744.21.

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.