U.S. Capital Wealth Advisors LLC has raised its stake in the iShares Core S&P 500 ETF (NYSEARCA: IVV) by 12.5% during the third quarter of 2023. According to a recent filing with the Securities and Exchange Commission, the institutional investor now holds 59,147 shares after acquiring an additional 6,578 shares in the quarter. This investment represents approximately 1.1% of U.S. Capital Wealth Advisors LLC’s overall portfolio, marking the ETF as the firm’s tenth largest holding, valued at $39,587,000.
Other institutional investors have also made adjustments to their positions in the iShares Core S&P 500 ETF. For instance, Bay Colony Advisory Group Inc, doing business as Bay Colony Advisors, increased its stake by 3.5% in the second quarter, now owning 28,713 shares worth $17,828,000 after purchasing an additional 974 shares. Similarly, Cape Investment Advisory Inc. significantly boosted its holdings by 35.9%, now owning 2,807 shares valued at $1,743,000.
The trend of increased investment is mirrored by TCP Asset Management LLC, which raised its position in the ETF by 1.1%, bringing its total to 123,864 shares worth $82,902,000. Additionally, RWA Wealth Partners LLC increased its stake by 5.0%, resulting in ownership of 188,694 shares valued at $117,160,000. Meanwhile, Evolution Wealth Management Inc. entered the market with a new stake valued at approximately $1,869,000.
A significant portion of the iShares Core S&P 500 ETF is now held by institutional investors and hedge funds, which collectively own 70.12% of the stock.
Recent Performance of iShares Core S&P 500 ETF
As of the latest trading session, shares of the iShares Core S&P 500 ETF opened at $683.49. The ETF has demonstrated notable resilience, with its 50-day moving average at $678.81 and a 200-day moving average of $652.04. Over the past year, the ETF reached a low of $484.00 and a high of $693.07, reflecting its strong performance in the market.
The iShares Core S&P 500 ETF is an exchange-traded fund designed to track the performance of the Standard & Poor’s 500 Index, which measures the performance of large-cap stocks within the United States equity market. The fund invests in a representative sample of the securities included in the index, aiming to provide investors with a similar investment profile.
For those interested in the latest developments regarding the iShares Core S&P 500 ETF, it is advisable to monitor updates from reputable sources that track institutional holdings and trading activities.
