Twele Capital Management Inc. has reduced its position in the iShares Core S&P 500 ETF (NYSEARCA: IVV) by 1.5%, as reported in its latest filing with the Securities and Exchange Commission (SEC). The fund now holds 94,488 shares of the ETF after selling 1,473 shares during the third quarter of 2023. This reduction leaves the iShares Core S&P 500 ETF as Twele Capital Management’s largest holding, accounting for 11.7% of its total assets. At the end of the third quarter, the value of Twele’s investment in the ETF stood at approximately $63.24 million.
Several other institutional investors are also adjusting their stakes in the iShares Core S&P 500 ETF. Notable movements include Heck Capital Advisors LLC, which established a new position valued at $331.59 million in the ETF during the fourth quarter. Bison Wealth LLC increased its holdings by 24.0% during the same period, now owning 7,799 shares worth around $4.59 million after acquiring an additional 1,511 shares.
In the first quarter of 2023, WPG Advisers LLC entered the market with a new stake in the iShares Core S&P 500 ETF valued at about $4.22 million. Meanwhile, Pembroke Management LTD boosted its position by 1.7%, bringing its total to 24,746 shares valued at approximately $13.91 million. Vermillion & White Wealth Management Group LLC also made headlines with a 42.7% increase in its stake, now owning 55,598 shares worth about $31.24 million.
As of now, institutional investors and hedge funds collectively own 70.12% of the iShares Core S&P 500 ETF, illustrating the significant interest in this investment vehicle.
Current Performance and Market Position
On the trading front, the iShares Core S&P 500 ETF opened at $693.27 on the most recent trading day. The ETF has displayed notable volatility over the past year, reaching a low of $484.00 and a high of $694.70. Its market capitalization stands at approximately $727.59 billion, with a price-to-earnings (P/E) ratio of 25.10 and a beta of 1.00—indicating that it moves in line with the broader market.
The iShares Core S&P 500 ETF aims to reflect the performance of the Standard & Poor’s 500 Index, which measures the performance of large-cap U.S. equities. The ETF invests in a representative sample of securities included in the index, providing investors with a diversified exposure to the U.S. equity market.
This recent shift in holdings highlights the dynamic nature of institutional investment strategies and the ongoing adjustments made by funds in response to market conditions. The iShares Core S&P 500 ETF remains a key player in the investment landscape, attracting significant attention from various institutional investors.
