Means Investment CO. Inc. Boosts Stake in iShares Core S&P 500 ETF (NYSEARCA:IVV)

On October 21, 2024, it was reported that Means Investment CO. Inc. has increased its investment in the iShares Core S&P 500 ETF (NYSEARCA:IVV) by 7.8% during the third quarter. This institutional investor now holds a total of 2,326 shares after purchasing an additional 169 shares this quarter. The value of Means Investment CO. Inc.'s holdings in this ETF reached approximately $1,342,000 according to their latest filing with the SEC.

In addition to Means Investment CO. Inc.'s actions, several other institutional investors have also made changes to their stakes in the iShares Core S&P 500 ETF. For instance, Global Trust Asset Management LLC increased its position by 28.6% in the first quarter, bringing its ownership to 360 shares worth $189,000 after adding 80 shares. Kaydan Wealth Management Inc. also raised its holdings by 15.2%, and now owns 2,918 shares valued at $1,535,000 following an acquisition of 386 shares.

Furthermore, Nova R Wealth Inc. boosted its stake in the ETF by 2.4%, holding now 39,656 shares worth $20,848,000 after a purchase of 915 shares. Roth Financial Partners LLC raised its investment by an impressive 14.7%, leading to a total of 90,206 shares valued at $47,424,000, which includes an additional purchase of 11,565 shares. Lastly, Allen Mooney & Barnes Investment Advisors LLC increased its holdings by 10.5%, now owning 1,260 shares worth approximately $656,000 after buying 120 more shares.

iShares Core S&P 500 ETF Price Insights

As of Monday, the iShares Core S&P 500 ETF (IVV) opened trading at $587.46. It has a market cap of $506.92 billion and a price-to-earnings (PE) ratio of 25.23, with a beta of 0.99 indicating it’s relatively stable compared to the broader market. Over the past year, the ETF has seen a low of $411.02 and a high of $588.93. Currently, the 50-day moving average stands at $566.53, while the 200-day moving average is at $545.40.

About iShares Core S&P 500 ETF

The iShares Core S&P 500 ETF is an exchange-traded fund designed to track the performance and yield of the Standard & Poor's 500 Index, which represents the performance of the large-cap section of the United States equity market.

Investment, ETF, Shares