Linscomb Wealth Inc. has reduced its investment in the iShares Core S&P 500 ETF (NYSEARCA: IVV) by 1.4% during the third quarter of 2023, according to a recent filing with the Securities and Exchange Commission (SEC). The firm now holds 310,380 shares of the ETF after selling 4,360 shares during this period, representing a total value of approximately $207.74 million. This investment accounts for about 8.9% of Linscomb Wealth Inc.’s overall portfolio, making it the second largest position held by the firm.
Several other institutional investors have also been active regarding their stakes in the iShares Core S&P 500 ETF. Notably, Heck Capital Advisors LLC established a significant new position in the ETF during the fourth quarter, investing roughly $331.59 million. Additionally, Bison Wealth LLC increased its holdings by 24.0% in the same quarter, bringing its total to 7,799 shares valued at approximately $4.59 million after acquiring an additional 1,511 shares.
Integrated Capital Management LLC also saw a notable increase in its investment, growing its stake by 7.9% in the second quarter. The firm now owns 57,267 shares worth about $36.18 million after purchasing an additional 4,191 shares. Ergawealth Advisors Inc. entered the market with a new stake valued at $222,000, while Wealthcare Advisory Partners LLC raised its holdings by 6.8%, now owning 63,783 shares valued at approximately $39.60 million.
Overall, institutional investors and hedge funds collectively own 70.12% of the iShares Core S&P 500 ETF, reflecting robust interest in this investment vehicle.
Current Performance of iShares Core S&P 500 ETF
As of the latest trading session, shares of the iShares Core S&P 500 ETF opened at $689.29. The ETF has a market capitalization of $757.67 billion, a price-to-earnings (P/E) ratio of 25.10, and a beta of 1.00. The stock has experienced fluctuations over the past year, with a low of $484.00 and a high of $700.97.
The iShares Core S&P 500 ETF aims to replicate the performance of the Standard & Poor’s 500 Index, which tracks large-cap companies in the United States. Its component stocks are weighted by their market capitalization, providing investors exposure to a broad spectrum of the U.S. equity market.
In light of recent adjustments by major investors, the ongoing interest in the iShares Core S&P 500 ETF underscores its significance in investment strategies focused on large-cap stocks.
