Kennicott Capital Management LLC Increases Stake in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Kennicott Capital Management LLC has raised its stake in the iShares Core S&P 500 ETF (NYSEARCA:IVV) by 2.8% during the third quarter, according to a recent filing with the Securities and Exchange Commission (SEC). Following the acquisition of an additional 449 shares, the firm now holds a total of 16,594 shares in IVV. This investment represents approximately 3.7% of Kennicott Capital Management LLC’s overall portfolio, making it the firm’s sixth largest holding. By the end of the most recent quarter, the value of their holdings in the iShares Core S&P 500 ETF reached $9,572,000.

Alongside Kennicott Capital Management, several other institutional investors have made adjustments to their positions in IVV. BNP Paribas acquired a new stake in the iShares Core S&P 500 ETF during the first quarter, with a value estimated at $1,077,000. Additionally, True Link Financial Advisors LLC increased its investment in IVV by 9.0% in the same quarter, bringing its total shares to 266,102, valued at approximately $139,898,000 after acquiring an additional 21,997 shares. Similarly, Compass Ion Advisors LLC boosted its position in the ETF by 27.5% in the third quarter, now holding 10,567 shares worth $6,096,000 following the purchase of 2,278 additional shares. Notably, Financial Management Professionals Inc. expanded its holdings in IVV by a staggering 267.1% in the first quarter, acquiring a total of 257 shares valued at $135,000 after adding 187 shares. Pinnacle Bancorp Inc. also made a modest increase of 3.7% in its stake during the first quarter, owning 8,052 shares valued at $4,233,000.

Performance of iShares Core S&P 500 ETF

The iShares Core S&P 500 ETF opened at $586.59 recently and has experienced a one-year trading range, with a low of $411.02 and a high of $588.93. This ETF features a market capitalization of $506.17 billion and has a price-to-earnings ratio of 25.23 along with a beta of 0.99. Its 50-day and 200-day simple moving averages are $567.53 and $545.90, respectively.

About iShares Core S&P 500 ETF

The iShares Core S&P 500 ETF is an exchange-traded fund that aims to mirror the price and yield performance of the Standard & Poor’s 500 Index. The S&P 500 Index tracks the performance of the large-cap sector within the United States equity market.

iShares, ETF, Investment