Litman Gregory Wealth Management LLC Increases Stake in iShares Core S&P 500 ETF

Litman Gregory Wealth Management LLC has increased its investment in the iShares Core S&P 500 ETF (NYSEARCA:IVV) by 0.2% during the fourth quarter, according to their recent 13F filing with the Securities and Exchange Commission (SEC). After acquiring an additional 436 shares during this period, the fund now holds 227,735 shares of the ETF. This investment represents approximately 11.6% of Litman Gregory Wealth Management LLC’s overall portfolio, making it their second-largest holding. As of the end of the latest quarter, the value of their holdings in the iShares Core S&P 500 ETF stood at around $134,063,000.

Several other institutional investors have also adjusted their positions in IVV. For example, Modus Advisors LLC and Ulland Investment Advisors LLC each purchased new stakes in the iShares Core S&P 500 ETF during the fourth quarter, each valued at approximately $32,000. Similarly, Safe Harbor Fiduciary LLC added a new position worth about $33,000 during the third quarter. Cedar Wealth Management LLC increased its stake by an impressive 139.3% in the same period, now owning 67 shares valued at $39,000 after acquiring an additional 39 shares. Lastly, Kennebec Savings Bank entered a new position valued around $40,000 during the third quarter.

Performance of iShares Core S&P 500 ETF

As of the latest trading session, iShares Core S&P 500 ETF opened at $600.68. The fund boasts a market capitalization of $518.33 billion, with a price-to-earnings (PE) ratio of 25.23, and it has a beta of 0.99. Over the past year, the ETF has fluctuated between a low of $492.59 and a high of $613.79. Its 50-day simple moving average sits at $600.42, while its 200-day simple moving average is at $579.46.

Overview of 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. This index measures the performance of the large-capitalization segment of the United States equity market.

Conclusion

In conclusion, the consistent interest from both Litman Gregory Wealth Management LLC and other institutional investors highlights the ongoing confidence in the iShares Core S&P 500 ETF as a significant investment vehicle in the current market environment.

investment, ETF, finance