iShares Core S&P 500 ETF $IVV Shares Sold by Foundation Wealth Management LLC PA

Foundation Wealth Management LLC PA trimmed its holdings in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 16.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,829 shares of the ETF’s stock after selling 3,984 shares during the period. iShares Core S&P 500 ETF makes up 5.1% of Foundation Wealth Management LLC PA’s investment portfolio, making the stock its 6th largest holding. Foundation Wealth Management LLC PA’s holdings in iShares Core S&P 500 ETF were worth $15,186,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blalock Williams LLC boosted its position in shares of iShares Core S&P 500 ETF by 74.9% during the 2nd quarter. Blalock Williams LLC now owns 16,650 shares of the ETF’s stock worth $12,469,000 after purchasing an additional 7,130 shares in the last quarter. Cornerstone Planning Group LLC increased its position in iShares Core S&P 500 ETF by 55.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 17,958 shares of the ETF’s stock valued at $11,730,000 after buying an additional 6,417 shares in the last quarter. Compass Financial Management LLC bought a new stake in iShares Core S&P 500 ETF in the 2nd quarter valued at about $3,601,000. HWG Holdings LP increased its position in iShares Core S&P 500 ETF by 24.9% in the 3rd quarter. HWG Holdings LP now owns 127,281 shares of the ETF’s stock valued at $97,478,000 after buying an additional 25,357 shares in the last quarter. Finally, Capital Analysts LLC raised its stake in iShares Core S&P 500 ETF by 18.2% during the 2nd quarter. Capital Analysts LLC now owns 219,719 shares of the ETF’s stock worth $164,546,000 after buying an additional 33,785 shares during the period. 70.12% of the stock is currently owned by institutional investors.

Key Stories Impacting iShares Core S&P 500 ETF

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 lasted four years and more than doubled from its October 2022 low, reinforcing investor confidence and supporting demand for broad-market ETFs such as IVV. S&P 500 Bull Market Turns 4
• Positive Sentiment: Investors are looking ahead to third-quarter bank earnings, inflation data and bond-market moves. Strong earnings or softer inflation could provide the next catalyst for the S&P 500 and IVV. Top 3 catalysts for the S&P 500 Index this week
• Neutral Sentiment: Strategists see a potential path toward an S&P 500 level of 8,100, but say both market segments must participate. That could benefit IVV if leadership broadens beyond the largest technology companies. Citi’s Scott Chronert on getting the S&P 500 to 8,100
• Neutral Sentiment: Some analysts argue investors risk missing further gains by repeatedly moving out of stocks and back in. The message supports long-term IVV ownership but does not create a specific near-term catalyst. Jim Cramer says investors keep making this costly mistake
• Negative Sentiment: S&P 500 futures are subdued as investors await major-bank results, while weakness in semiconductor stocks weighs on sentiment. This is a near-term headwind for IVV because large technology and chip companies carry significant index weight. S&P 500 futures muted as investors await big bank earnings
• Negative Sentiment: Four in ten S&P 500 constituents are down for the year, showing that the rally is unusually dependent on a small group of companies. This concentration raises downside risk for IVV if major AI and technology leaders weaken. Wall Street’s big but narrow rally

iShares Core S&P 500 ETF Stock Performance

IVV stock opened at $781.54 on Wednesday. The stock’s 50 day simple moving average is $772.00 and its 200 day simple moving average is $745.06. The company has a market cap of $896.04 billion, a P/E ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a fifty-two week low of $632.14 and a fifty-two week high of $785.03.

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.