Edgestream Partners L.P. Reduces Stake in iShares Core S&P 500 ETF Significantly

In a move that highlighted significant adjustments in their investment portfolio, Edgestream Partners L.P. drastically reduced their holdings in the iShares Core S&P 500 ETF (IVV) by 91.3% during the second quarter. The firm's latest Form 13F filing with the Securities & Exchange Commission revealed this substantial decrease. Following the sale of 31,042 shares during the quarter, Edgestream Partners L.P. retained 2,971 shares of IVV. By the quarter's end, the reduced stake was valued at approximately $1,324,000.

Investment Movements

Within the same period, several other significant investors made changes to their IVV positions. PrairieView Partners LLC took on new shares estimated to be worth about $25,000. Kozak & Associates Inc. boosted their ownership by 7,000.0%, owning 71 shares valued at $32,000 after purchasing an extra 70 shares. Another notable increase was seen with Pacific Center for Financial Services, which grew its IVV shares by 134.4%, now holding 75 shares with a value of $33,000. Additionally, new stakes were acquired by Studio Investment Management LLC and ZRC Wealth Management LLC, for $33,000 and $43,000, respectively.

ETF Performance Overview

On the performance front, IVV shares started at $456.42 on a recent Tuesday. The ETF has recorded a 50-day moving average price of $435.13 and a 200-day moving average of $437.92. Its 12-month performance ranged between the low of $376.49 and the high of $461.88. The market capitalization for the ETF stood at $353.11 billion, along with a PE ratio of 18.43 and a beta of 1.00.

About iShares Core S&P 500 ETF

The iShares Core S&P 500 ETF is designed to track the performance of the S&P 500 Index, a renowned measure of large-cap U.S. equity market performance. As an exchange-traded fund (ETF), IVV aims to provide investment results that correspond closely to the price and yield performance of its benchmark index.

Investment, Reduction, Holdings