Linscomb Wealth Inc. has reduced its stake in the iShares Core S&P 500 ETF (NYSEARCA: IVV) by 1.4% during the third quarter, as reported in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm now holds 310,380 shares of the ETF, having sold 4,360 shares in the quarter. This investment represents approximately 8.9% of Linscomb Wealth Inc.’s overall portfolio, making it the firm’s second largest position. The total value of its holdings in the iShares Core S&P 500 ETF stands at an impressive $207,737,000 as of the end of the quarter.
Several other institutional investors have also adjusted their stakes in the iShares Core S&P 500 ETF. Notably, Heck Capital Advisors LLC established a new position in the ETF worth around $331,591,000 during the fourth quarter. Meanwhile, Bison Wealth LLC increased its holdings by 24.0%, bringing its total to 7,799 shares valued at $4,591,000 after acquiring an additional 1,511 shares.
Investments in the ETF also saw growth from Integrated Capital Management LLC, which expanded its stake by 7.9% during the second quarter. The firm now owns 57,267 shares worth $36,177,000 following the purchase of 4,191 additional shares. Other notable investors include Ergawealth Advisors Inc., which bought a new stake valued at $222,000, and Wealthcare Advisory Partners LLC, which raised its holdings by 6.8%, now owning 63,783 shares valued at $39,603,000.
Institutional and hedge fund investors collectively own approximately 70.12% of the iShares Core S&P 500 ETF’s stock, underscoring significant institutional interest in this investment vehicle.
Performance of iShares Core S&P 500 ETF
On the trading front, the iShares Core S&P 500 ETF opened at $689.29 recently. The ETF’s 50-day moving average is recorded at $689.96, while the 200-day moving average stands at $670.57. The ETF boasts a market capitalization of $757.67 billion, with a price-to-earnings (P/E) ratio of 25.10 and a beta of 1.00, indicating its performance is in line with the broader market.
Over the past year, the iShares Core S&P 500 ETF has seen considerable fluctuations, with a low of $484.00 and a high of $700.97. This performance reflects the ETF’s tracking of the Standard & Poor’s 500 Index, which measures the performance of the large-capitalization segment of the U.S. equity market. The ETF invests in a representative sample of securities within the index, aiming to mirror its investment profile.
As more investors reevaluate their portfolios, the iShares Core S&P 500 ETF continues to attract attention, demonstrating its significance in the investment strategies of both individuals and institutions alike.
