Bangor Savings Bank Decreases Stake in iShares Core S&P 500 ETF $IVV

Bangor Savings Bank reduced its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 11.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 222,871 shares of the ETF’s stock after selling 28,115 shares during the quarter. iShares Core S&P 500 ETF comprises about 13.0% of Bangor Savings Bank’s holdings, making the stock its biggest holding. Bangor Savings Bank’s holdings in iShares Core S&P 500 ETF were worth $170,685,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Congress Asset Management Co. lifted its holdings in shares of iShares Core S&P 500 ETF by 27.3% during the 3rd quarter. Congress Asset Management Co. now owns 1,220 shares of the ETF’s stock worth $934,000 after acquiring an additional 262 shares during the last quarter. Bank of New Hampshire increased its stake in iShares Core S&P 500 ETF by 1.7% in the third quarter. Bank of New Hampshire now owns 31,620 shares of the ETF’s stock valued at $24,216,000 after acquiring an additional 532 shares during the last quarter. Colton Groome Financial Advisors LLC raised its position in iShares Core S&P 500 ETF by 7.7% during the third quarter. Colton Groome Financial Advisors LLC now owns 101,747 shares of the ETF’s stock valued at $77,923,000 after purchasing an additional 7,317 shares in the last quarter. GoalFusion Wealth Management LLC boosted its holdings in shares of iShares Core S&P 500 ETF by 0.6% in the 3rd quarter. GoalFusion Wealth Management LLC now owns 83,672 shares of the ETF’s stock worth $64,080,000 after purchasing an additional 486 shares in the last quarter. Finally, Ables Iannone Moore & Associates Inc. raised its holdings in shares of iShares Core S&P 500 ETF by 2.1% during the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 1,237 shares of the ETF’s stock valued at $947,000 after buying an additional 25 shares in the last quarter. 70.12% of the stock is currently owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Price Performance

NYSEARCA IVV traded up $4.29 on Tuesday, reaching $782.54. 4,644,577 shares of the company’s stock traded hands, compared to its average volume of 7,951,724. The stock has a market cap of $900.74 billion, a PE ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 12 month low of $632.14 and a 12 month high of $785.03. The stock has a 50-day simple moving average of $769.24 and a 200 day simple moving average of $740.72.

Key Stories Impacting iShares Core S&P 500 ETF

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

• Positive Sentiment: Technology and AI shares powered the S&P 500 to a new record, helping lift IVV despite weakness across much of the broader market. The S&P 500 Hits a New Record High, Powered by Tech—and Not Much Else
• Positive Sentiment: The S&P 500 surpassed its August peak and recovered despite the Iran-related oil shock, higher borrowing costs and the Federal Reserve’s first rate hike, signaling continued investor demand for U.S. large-cap equities. Chart: A look at the S&P 500’s remarkable and defiant trip a new record
• Positive Sentiment: Easing Treasury yields from multi-year highs improved the backdrop for growth stocks and contributed to record gains in both the S&P 500 and Nasdaq, supporting IVV. S&P 500 hits record high as AI stocks rise and Treasury yields ease further
• Positive Sentiment: IVV reached a new 52-week high, reflecting the index’s strong momentum and continued investor interest in its diversified exposure to U.S. blue-chip companies. iShares Core S&P 500 ETF Reaches New 52-Week High
• Neutral Sentiment: Investors are entering the third-quarter earnings season focused on whether corporate AI spending and expected earnings growth can justify elevated valuations. Stock Market: Will S&P 500 Open Up or Down Today?
• Negative Sentiment: Market leadership remains narrow: only a small group of trillion-dollar companies has outperformed the S&P 500, and some megacap technology stocks appear overbought. A pullback in these holdings could weigh disproportionately on IVV. Only Four Trillion-Dollar Stocks Are Beating the S&P 500
• Negative Sentiment: Geopolitical tensions involving Iran, elevated interest rates and the risk of an AI-spending “reality check” remain threats to the record-setting rally and IVV’s near-term performance. An AI reality check may take the S&P 500 to 5,000

About iShares Core S&P 500 ETF

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.