First Citizens Bank & Trust Co. Sells 4,498 Shares of iShares Core S&P 500 ETF $IVV

First Citizens Bank & Trust Co. lowered its position in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 287,714 shares of the ETF’s stock after selling 4,498 shares during the period. iShares Core S&P 500 ETF comprises about 3.0% of First Citizens Bank & Trust Co.’s portfolio, making the stock its 8th largest position. First Citizens Bank & Trust Co.’s holdings in iShares Core S&P 500 ETF were worth $220,346,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Olistico Wealth LLC purchased a new position in iShares Core S&P 500 ETF during the third quarter worth about $25,000. Keenan LLC purchased a new stake in iShares Core S&P 500 ETF in the 4th quarter valued at about $26,000. Punch & Associates Investment Management Inc. increased its stake in iShares Core S&P 500 ETF by 50.0% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock valued at $27,000 after buying an additional 14 shares during the last quarter. Montgomery Financial Services LLC purchased a new stake in iShares Core S&P 500 ETF in the 2nd quarter valued at about $32,000. Finally, Virginia Estate & Retirement Planning Advisors Inc. bought a new position in shares of iShares Core S&P 500 ETF during the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 70.12% of the company’s stock.

Key iShares Core S&P 500 ETF News

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

• Positive Sentiment: The S&P 500’s bull market has lasted four years and more than doubled from its October 2022 low, reinforcing investor confidence and supporting demand for broad-market ETFs such as IVV. S&P 500 Bull Market Turns 4
• Positive Sentiment: Investors are looking ahead to third-quarter bank earnings, inflation data and bond-market moves. Strong earnings or softer inflation could provide the next catalyst for the S&P 500 and IVV. Top 3 catalysts for the S&P 500 Index this week
• Neutral Sentiment: Strategists see a potential path toward an S&P 500 level of 8,100, but say both market segments must participate. That could benefit IVV if leadership broadens beyond the largest technology companies. Citi’s Scott Chronert on getting the S&P 500 to 8,100
• Neutral Sentiment: Some analysts argue investors risk missing further gains by repeatedly moving out of stocks and back in. The message supports long-term IVV ownership but does not create a specific near-term catalyst. Jim Cramer says investors keep making this costly mistake
• Negative Sentiment: S&P 500 futures are subdued as investors await major-bank results, while weakness in semiconductor stocks weighs on sentiment. This is a near-term headwind for IVV because large technology and chip companies carry significant index weight. S&P 500 futures muted as investors await big bank earnings
• Negative Sentiment: Four in ten S&P 500 constituents are down for the year, showing that the rally is unusually dependent on a small group of companies. This concentration raises downside risk for IVV if major AI and technology leaders weaken. Wall Street’s big but narrow rally

iShares Core S&P 500 ETF Stock Up 0.0%

iShares Core S&P 500 ETF stock opened at $781.54 on Wednesday. iShares Core S&P 500 ETF has a 52 week low of $632.14 and a 52 week high of $785.03. The company’s 50 day moving average price is $772.00 and its two-hundred day moving average price is $745.06. The stock has a market cap of $896.04 billion, a P/E ratio of 25.10 and a beta of 1.00.

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.