Milestones Private Investment Advisors LLC has made a significant investment in the iShares Core S&P 500 ETF (NYSEARCA: IVV), acquiring 1,498 shares valued at approximately $930,000. This purchase occurred during the second quarter, as disclosed in a recent filing with the Securities and Exchange Commission (SEC). This move highlights growing interest in the ETF, which aims to replicate the performance of the S&P 500 Index.
Other institutional investors have also been active in modifying their positions in the iShares Core S&P 500 ETF. Flaharty Asset Management LLC initiated a new position in the ETF during the first quarter, investing $28,000. In the second quarter, Nvwm LLC significantly increased its holdings by 210.5%, resulting in ownership of 59 shares valued at $37,000 after acquiring an additional 40 shares.
Furthermore, Hager Investment Management Services LLC entered the ETF market with a new position worth approximately $61,000. Rice Partnership LLC made a notable move, lifting its holdings in the ETF by 460.0%, ultimately owning 112 shares valued at $70,000 following the purchase of 92 additional shares. Wealth Preservation Advisors LLC also joined the ranks of new investors, purchasing a stake worth $76,000 in the first quarter.
As of now, institutional investors collectively own 70.12% of the iShares Core S&P 500 ETF, indicating strong confidence in the fund’s performance.
Current Performance of iShares Core S&P 500 ETF
The iShares Core S&P 500 ETF has recently experienced a slight decline, with shares trading down by 1.1%. On Monday, the stock opened at $685.17. Over the past year, the ETF has seen a low of $484.00 and a high of $693.07. The fifty-day simple moving average currently stands at $677.95, while the two-hundred-day simple moving average is at $649.83.
With a market capitalization of $719.09 billion, the ETF has a price-to-earnings (PE) ratio of 25.10 and a beta of 1.00, reflecting its stability compared to the broader market.
The iShares Core S&P 500 ETF serves as an exchange-traded fund designed to deliver investment results that mirror the price and yield performance of the Standard & Poor’s 500 Index. This index is a benchmark for the large-capitalization sector of the United States equity market, making the ETF a popular choice for investors seeking exposure to this segment.
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