Earned Wealth Advisors LLC has increased its investment in the iShares Core S&P 500 ETF (NYSEARCA: IVV) by 20.6% during the second quarter of 2023, according to its latest Form 13F filing with the Securities and Exchange Commission (SEC). The firm now holds 63,203 shares of the ETF, having acquired an additional 10,814 shares in the recently concluded quarter. This stock now constitutes approximately 7.7% of Earned Wealth Advisors’ total holdings, making it their third-largest investment.
As of the end of the reporting period, the value of Earned Wealth Advisors’ stake in the iShares Core S&P 500 ETF stood at an impressive $39,243,000. This strategic move reflects a growing confidence in the performance of the fund, which seeks to mirror the investment results of the Standard & Poor’s 500 Index.
Several other institutional investors have also adjusted their positions in the iShares Core S&P 500 ETF recently. For instance, Johnson Bixby & Associates LLC increased their stake by 1.2%, bringing their total to 1,403 shares valued at $871,000 after acquiring 16 more shares during the second quarter. Similarly, Wealth Watch Advisors INC raised its holdings by 1.5%, now owning 1,098 shares worth $682,000.
In the first quarter, Activest Wealth Management enhanced its investment by 1.5%, resulting in ownership of 1,144 shares valued at $643,000. Greenfield Savings Bank also increased its stake by 2.0%, holding 869 shares worth $540,000 after purchasing an additional 17 shares. Lastly, Next Level Private LLC raised its position by 1.6%, now owning 1,089 shares valued at $676,000.
The combined influence of institutional investors and hedge funds is significant, as they collectively own 70.12% of the iShares Core S&P 500 ETF.
Performance Metrics of the iShares Core S&P 500 ETF
On the trading front, shares of the iShares Core S&P 500 ETF opened at $683.23 on the latest trading day. The ETF has demonstrated robust performance, with a 50-day moving average of $664.56 and a 200-day moving average of $623.89. The market capitalization of the ETF currently stands at $716.54 billion, alongside a price-to-earnings ratio of 25.10 and a beta of 1.00. Over the past year, the ETF has experienced a low of $484.00 and a high of $693.07.
The iShares Core S&P 500 ETF is designed to provide investment results that generally correspond to the performance of the Standard & Poor’s 500 Index, which measures the performance of the large-capitalization sector of the United States equity market. Given its comprehensive strategy and the support from institutional investors, the ETF continues to be a key player in the investment landscape.
