Mirae Asset Global Investments Co. Ltd. Reduces Holdings in iShares Core S&P 500 ETF $IVV

Mirae Asset Global Investments Co. Ltd. lowered its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 17.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 336,655 shares of the ETF’s stock after selling 68,859 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in iShares Core S&P 500 ETF were worth $252,118,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hidden Cove Wealth Management LLC grew its position in shares of 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 purchasing an additional 14 shares during the last quarter. Braeburn Wealth Management LLC lifted its stake in iShares Core S&P 500 ETF by 31.8% in the 2nd quarter. Braeburn Wealth Management LLC now owns 31,112 shares of the ETF’s stock valued at $23,298,000 after buying an additional 7,500 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in iShares Core S&P 500 ETF by 9.1% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48,512 shares of the ETF’s stock valued at $36,330,000 after buying an additional 4,041 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. increased its position in iShares Core S&P 500 ETF by 27.1% during the second quarter. SBI Okasan Asset Management Co.Ltd. now owns 10,104 shares of the ETF’s stock worth $7,519,000 after buying an additional 2,152 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its position in iShares Core S&P 500 ETF by 62.3% during the second quarter. Raleigh Capital Management Inc. now owns 13,069 shares of the ETF’s stock worth $9,788,000 after buying an additional 5,019 shares in the last quarter. Hedge funds and other institutional investors own 70.12% of the company’s stock.

Trending Headlines about iShares Core S&P 500 ETF

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

• Positive Sentiment: Cooling inflation supports stocks: A benign PPI reading eased interest-rate concerns and improved investor sentiment, raising expectations that the Federal Reserve may have more flexibility on future policy. S&P 500 Hits New Record High Following PPI Data
• Positive Sentiment: Record index performance and technology strength: The S&P 500 closed at a new high as falling oil prices, easing inflation fears and continued technology-sector gains encouraged risk-taking. This is the most direct support for IVV. Dow rises as S&P 500 closes at record high
• Positive Sentiment: Potential index breakout: Technical analysts see bullish flag formations and possible breakouts in the S&P 500 and Nasdaq, suggesting momentum could continue if geopolitical risks do not intensify. US Indices Forecast
• Positive Sentiment: Tariff refunds may aid constituents: More than 40 S&P 500 companies reported approximately $9.6 billion in tariff refunds, with $2.1 billion already received. These cash benefits could modestly support earnings and liquidity for affected holdings. S&P 500 Companies Claim Tariff Refunds
• Neutral Sentiment: Index reshuffling: Reddit will enter the S&P 500 on August 18, replacing AvalonBay Communities. The change may create short-term rebalancing flows, but its effect on IVV should be limited because Reddit represents a small portion of the index. Reddit shares jump on S&P 500 inclusion
• Negative Sentiment: Geopolitical and policy risks remain: Renewed Middle East tensions and uncertainty ahead of the weekend are limiting gains, while upcoming economic data could renew questions about the Fed’s interest-rate path. S&P 500 edges higher as earnings offset tensions

iShares Core S&P 500 ETF Trading Down 0.2%

iShares Core S&P 500 ETF stock opened at $780.04 on Friday. The stock has a 50-day moving average price of $752.14 and a 200 day moving average price of $718.81. iShares Core S&P 500 ETF has a 52 week low of $632.14 and a 52 week high of $783.09. The stock has a market cap of $906.06 billion, a PE ratio of 25.10 and a beta of 1.00.

iShares Core S&P 500 ETF 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.