Hills Bank & Trust Co has reduced its stake in the iShares Core S&P 500 ETF (NYSEARCA: IVV) by 10.1% during the second quarter of 2023, according to a recent filing with the Securities & Exchange Commission. The institutional investor now holds 1,008 shares after selling 113 shares during this period. The value of Hills Bank’s holdings in the ETF stood at approximately $626,000 at the end of the quarter.
The iShares Core S&P 500 ETF has attracted interest from other institutional investors and hedge funds as well. Flaharty Asset Management LLC initiated a new position in the ETF during the first quarter, valued at about $28,000. Similarly, Lord & Richards Wealth Management LLC purchased a new stake, valued at $31,000, while Cheviot Value Management LLC acquired shares worth approximately $52,000 during the same timeframe.
Hager Investment Management Services LLC also entered the scene, acquiring a new stake worth around $61,000 in the second quarter. Notably, Rice Partnership LLC significantly increased its stake in the ETF by 460.0%, now owning 112 shares valued at $70,000 after buying an additional 92 shares during the quarter. Overall, institutional investors now hold 70.12% of the company’s stock.
The trading performance of the iShares Core S&P 500 ETF has shown a slight increase, with shares opening at $685.23 on Friday. Over the past year, the ETF has seen a low of $484.00 and a high of $693.07. Its fifty-day simple moving average stands at $665.29, while the two-hundred-day simple moving average is at $625.48. The fund boasts a market capitalization of $718.63 billion and a price-to-earnings ratio of 25.10, with a beta of 1.00.
The iShares Core S&P 500 ETF is designed to track the performance and yield of the Standard & Poor’s 500 Index, which reflects the large-capitalization sector of the United States equity market.
For more information on institutional holdings and recent trades related to the iShares Core S&P 500 ETF, visit HoldingsChannel.com for the latest details.
