Atlatl Advisers LLC has significantly increased its investment in the iShares Core S&P 500 ETF (NYSEARCA: IVV), raising its position by an impressive 74.8% during the third quarter of 2023. Following the acquisition of an additional 1,819 shares, Atlatl Advisers now holds a total of 4,251 shares in the fund, valued at approximately $2,845,000 at the end of September. This investment now constitutes about 1.1% of Atlatl Advisers’ overall portfolio, making it the firm’s 18th largest holding.
The surge in Atlatl’s stake reflects a broader trend, as other institutional investors have also adjusted their positions in the iShares Core S&P 500 ETF. For instance, NVWM LLC dramatically increased its stake by 210.5% during the second quarter, acquiring 40 additional shares and bringing its total to 59 shares valued at $37,000. Similarly, Hager Investment Management Services LLC initiated a new investment in the ETF during the same period, valued at approximately $61,000.
Winnow Wealth LLC also entered the market, purchasing a new stake in the iShares Core S&P 500 ETF worth around $61,000. Furthermore, Rice Partnership LLC lifted its stake by an astounding 460.0% in the second quarter, now owning 112 shares valued at $70,000 after acquiring 92 additional shares. Creative Capital Management Investments LLC added to this trend by purchasing a stake worth $80,000 during the second quarter.
Currently, institutional investors hold approximately 70.12% of the iShares Core S&P 500 ETF’s stock. As of Monday, shares of the ETF opened at $695.03. Over the past year, the stock has experienced a low of $484.00 and a high of $700.97. The ETF has a market capitalization of $762.14 billion, a price-to-earnings ratio of 25.10, and a beta of 1.00.
The iShares Core S&P 500 ETF aims to replicate the price and yield performance of the S&P 500 Index, which tracks the performance of large-cap U.S. equities. The fund invests in a representative sample of securities included in the index, thereby maintaining a profile similar to that of the index itself.
For more insights on institutional investment trends, visit Holdings Channel to review the latest 13F filings and insider trades related to the iShares Core S&P 500 ETF. Additionally, interested readers can subscribe to MarketBeat.com for daily updates on news and analyst ratings concerning the fund and its peers.