Montz Harcus Wealth Management LLC Buys 704 Shares of iShares Core S&P 500 ETF $IVV

Montz Harcus Wealth Management LLC raised its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 42.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,379 shares of the ETF’s stock after buying an additional 704 shares during the period. iShares Core S&P 500 ETF makes up about 0.7% of Montz Harcus Wealth Management LLC’s investment portfolio, making the stock its 25th biggest position. Montz Harcus Wealth Management LLC’s holdings in iShares Core S&P 500 ETF were worth $1,822,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in IVV. Olistico Wealth LLC bought a new stake in shares of iShares Core S&P 500 ETF during the third quarter valued at approximately $25,000. Keenan LLC bought a new position in iShares Core S&P 500 ETF in the fourth quarter worth approximately $26,000. Punch & Associates Investment Management Inc. grew its stake in iShares Core S&P 500 ETF by 50.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock worth $27,000 after purchasing an additional 14 shares in the last quarter. Allied Private Wealth LLC purchased a new position in iShares Core S&P 500 ETF during the 2nd quarter worth $33,000. Finally, Montgomery Financial Services LLC purchased a new position in iShares Core S&P 500 ETF during the 2nd quarter worth $32,000. 70.12% of the stock is currently owned by institutional investors.

More iShares Core S&P 500 ETF News

Here are the key news stories impacting iShares Core S&P 500 ETF this week:

• Positive Sentiment: Market optimism remains supportive: the S&P 500 reached new highs ahead of the fourth anniversary of its bull market, and one strategist believes the rally could continue. Strength across the index is directly beneficial to IVV, which tracks the S&P 500. S&P 500 Hits New Highs Ahead of Four-Year Bull Market Anniversary
• Positive Sentiment: A bullish forecast calls for the S&P 500 to reach 10,000 in 2027, citing a relatively attractive PEG ratio and historically favorable seasonal conditions. If realized, the outlook implies additional upside for IVV. Prediction: The S&P 500 Will Hit 10,000 in 2027
• Positive Sentiment: Historical analysis suggests October and the period following new market highs can still produce gains, reinforcing the constructive sentiment surrounding broad-market ETFs such as IVV. The S&P 500 Just Reached a New Record

iShares Core S&P 500 ETF Stock Up 0.6%

Shares of NYSEARCA IVV opened at $781.97 on Friday. iShares Core S&P 500 ETF has a twelve month low of $632.14 and a twelve month high of $785.03. The firm has a market cap of $898.80 billion, a PE ratio of 25.10 and a beta of 1.00. The business has a fifty day simple moving average of $771.46 and a two-hundred day simple moving average of $742.73.

iShares Core S&P 500 ETF Profile

iShares Core S&P 500 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Standard & Poor’s 500 Index (the Index). The Index measures the performance of the large-capitalization sector of the United States equity market. The component stocks are weighted according to the total float-adjusted market value of their outstanding shares. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.