Nationwide Fund Advisors cut its position in iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,287,739 shares of the ETF’s stock after selling 73,695 shares during the period. iShares Core S&P 500 ETF accounts for approximately 42.6% of Nationwide Fund Advisors’ investment portfolio, making the stock its biggest holding. Nationwide Fund Advisors’ holdings in iShares Core S&P 500 ETF were worth $986,215,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Olistico Wealth LLC bought a new position in iShares Core S&P 500 ETF in the third quarter worth approximately $25,000. Punch & Associates Investment Management Inc. grew 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. Sawyer & Company Inc acquired a new stake in iShares Core S&P 500 ETF in the third quarter valued at approximately $28,000. Montgomery Financial Services LLC bought a new stake in shares of iShares Core S&P 500 ETF during the second quarter valued at approximately $32,000. Finally, Virginia Estate & Retirement Planning Advisors Inc. bought a new stake in shares of iShares Core S&P 500 ETF during the third quarter valued at approximately $32,000. 70.12% of the stock is owned by institutional investors.
iShares Core S&P 500 ETF Stock Down 1.8%
Shares of IVV opened at $759.18 on Friday. iShares Core S&P 500 ETF has a 12-month low of $632.14 and a 12-month high of $785.03. The business’s fifty day moving average is $770.86 and its 200 day moving average is $731.81. The stock has a market cap of $870.48 billion, a P/E ratio of 25.10 and a beta of 1.00.
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: S&P 500 companies posted an estimated 29.5% year-over-year earnings growth in the third quarter, marking a rare third consecutive quarter of growth above 25%. Strong underlying earnings could provide longer-term support for IVV if the results continue to outweigh valuation concerns. Here’s What the S&P 500 Did the Last 2 Times Its Earnings Grew 25%-Plus for 3 Straight Quarters
- Positive Sentiment: Long-term performance data and Warren Buffett’s continued endorsement of low-cost S&P 500 index funds reinforce IVV’s appeal as a diversified, buy-and-hold investment, although historical returns do not guarantee future gains. Warren Buffett Says Most Investors Should Buy the S&P 500
- Neutral Sentiment: Index changes adding Okta and removing Kenvue may prompt routine buying and selling by funds that track the S&P 500. The adjustments are unlikely to materially change IVV’s overall risk profile. Okta Stock Can Find More Buyers as It Joins the S&P 500
- Neutral Sentiment: A sharp decline in Reddit affected a thematic fund more than broad S&P 500 index funds, suggesting limited direct impact on IVV. Own an S&P 500 Fund? Reddit’s Slide Affects You More Than You Think
- Negative Sentiment: The S&P 500 fell for a third consecutive week, with a technology sell-off weighing on the index and IVV. S&P 500 Snapshot: Stocks Edge Lower for 3rd Straight Week
- Negative Sentiment: The market’s Fear reading and a reported plunge in Alphabet shares point to continued risk aversion, particularly toward highly valued technology stocks that carry significant weight in IVV. S&P 500 Ends Three-Day Surge as Alphabet Shares Plunge
- Negative Sentiment: Monthly moving-average signals show a more cautious trend-following backdrop, with the Ivy Portfolio shifting some allocations to cash. This reinforces concerns about near-term momentum in the broader market. Moving Averages of the Ivy Portfolio and S&P 500
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.
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