iShares Core S&P 500 ETF $IVV Stock: Elevated Capital Advisors LLC Trims Stake

Elevated Capital Advisors LLC cut its holdings in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 65.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 546 shares of the ETF’s stock after selling 1,024 shares during the period. Elevated Capital Advisors LLC’s holdings in iShares Core S&P 500 ETF were worth $418,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Citrine Capital LLC raised its stake in iShares Core S&P 500 ETF by 2.8% during the third quarter. Citrine Capital LLC now owns 474 shares of the ETF’s stock worth $363,000 after acquiring an additional 13 shares during the period. Punch & Associates Investment Management Inc. boosted its stake in 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 acquiring an additional 14 shares during the period. Hidden Cove Wealth Management LLC boosted its stake 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 period. IFC & Insurance Marketing Inc. boosted its stake in iShares Core S&P 500 ETF by 3.9% in the third quarter. IFC & Insurance Marketing Inc. now owns 371 shares of the ETF’s stock valued at $284,000 after acquiring an additional 14 shares during the period. Finally, Rainey & Randall Wealth Advisors Inc. grew its holdings in shares of iShares Core S&P 500 ETF by 3.0% during the third quarter. Rainey & Randall Wealth Advisors Inc. now owns 481 shares of the ETF’s stock valued at $368,000 after purchasing an additional 14 shares during the last quarter. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Trading Down 0.4%

NYSEARCA:IVV opened at $753.37 on Wednesday. The firm has a market capitalization of $869.65 billion, a PE ratio of 25.10 and a beta of 1.00. The stock has a 50 day moving average of $768.33 and a 200-day moving average of $733.94. iShares Core S&P 500 ETF has a 52 week low of $632.14 and a 52 week high of $785.03.

Key iShares Core S&P 500 ETF News

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

• Positive Sentiment: U.S. stock futures rose as lower oil prices lifted market sentiment, while dip-buying in technology shares had recently helped U.S. stocks rebound. These developments could support IVV if the recovery continues. Reuters: S&P 500, Dow futures climb as oil slide lifts sentiment Risk-On: S&P 500 Surges Out of the Gate
• Neutral Sentiment: IVV’s reported holdings activity included additions of Apple and Nvidia. This reflects changes in the ETF’s index-linked portfolio, but the reports do not indicate a separate active investment decision or a clear directional signal for the fund. IVV Adds Apple and Nvidia on Nov. 6
• Neutral Sentiment: Altiora Financial Group disclosed that it cut its IVV position by about half. This was one firm’s portfolio decision and does not, on its own, establish a broader change in investor demand. Altiora Financial Group decreased its IVV position
• Negative Sentiment: The S&P 500’s early-November decline was its third-weakest start to the month since 1950. Historical comparisons offer no strong reassurance: after the eight weakest starts, the index finished the following April higher only four times. Weak November starts and what followed
• Negative Sentiment: Commentary highlights continued market declines and the risk that high technology valuations could weigh on the S&P 500. IVV’s broad exposure does not eliminate that risk, particularly given the index’s substantial technology weighting. Is the S&P 500 Heading for a Correction?

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.