Whittier Trust Co. has increased its investment in the iShares Core S&P 500 ETF (NYSEARCA: IVV) by 0.6% during the third quarter of 2023, as reported in the company’s latest filing with the Securities and Exchange Commission (SEC). The firm now holds a total of 426,405 shares following the acquisition of an additional 2,558 shares in this period. This investment represents approximately 3.3% of Whittier Trust Co.’s overall portfolio, making it the sixth largest position in their holdings.
As of the end of the third quarter, Whittier Trust Co.’s stake in the iShares Core S&P 500 ETF was valued at approximately $286,723,000. The ETF, which seeks to replicate the performance of the Standard & Poor’s 500 Index, continues to attract interest from various institutional investors.
Several other hedge funds have also recently adjusted their positions in the iShares Core S&P 500 ETF. Notably, Nvwm LLC increased its holdings in the ETF by an impressive 210.5% during the second quarter. After purchasing an additional 40 shares, Nvwm LLC now owns a total of 59 shares, valued at around $37,000.
Hager Investment Management Services LLC made a new investment in the ETF during the second quarter, with an estimated value of $61,000. In a similar move, Rice Partnership LLC expanded its position by 460.0%, acquiring 112 shares worth $70,000 after buying an additional 92 shares. Creative Capital Management Investments LLC also entered the market with a new stake valued at $80,000, while Conquis Financial LLC acquired a position worth approximately $82,000 in the third quarter.
Overall, institutional investors and hedge funds now collectively own 70.12% of the iShares Core S&P 500 ETF, highlighting the continued confidence in this investment vehicle.
About iShares Core S&P 500 ETF
The iShares Core S&P 500 ETF is an exchange-traded fund designed to mirror the price and yield performance of the Standard & Poor’s 500 Index. This index measures large-cap stocks within the United States equity market, and the ETF invests in a representative sample of these securities. The ETF’s structure allows investors to gain exposure to a broad range of large-cap companies, making it a popular choice among both institutional and individual investors.
For those interested in tracking institutional holdings in the iShares Core S&P 500 ETF, detailed information is available on platforms such as HoldingsChannel.com, where users can access the latest 13F filings and insider trades. Subscribers can also receive daily summaries of news and analysts’ ratings via MarketBeat.com’s newsletter.
As investment strategies continue to evolve, the increasing interest from institutions in the iShares Core S&P 500 ETF reflects broader market trends and investor confidence in large-cap equities.
