Milestones Private Investment Advisors Acquires Stake in iShares IVV

Milestones Private Investment Advisors LLC has acquired a new stake in the iShares Core S&P 500 ETF (NYSEARCA: IVV), according to a recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,498 shares, valued at approximately $930,000, during the second quarter of 2023. This investment reflects a growing interest among institutional investors in the exchange-traded fund (ETF), which tracks the performance of the S&P 500 Index.

Several other notable investors have also made adjustments to their holdings in iShares Core S&P 500 ETF recently. Flaharty Asset Management LLC entered a new position in the ETF during the first quarter, investing $28,000. In the second quarter, Nvwm LLC significantly increased its stake by 210.5%, acquiring a total of 59 shares valued at $37,000 after purchasing an additional 40 shares. Hager Investment Management Services LLC and Rice Partnership LLC also made notable investments, with Hager acquiring shares worth approximately $61,000 and Rice increasing its holdings by 460.0% to own 112 shares valued at $70,000.

In total, hedge funds and institutional investors now own 70.12% of iShares Core S&P 500 ETF’s stock. This trend underscores the ETF’s reputation as a preferred investment vehicle for those seeking exposure to the large-capitalization sector of the United States equity market.

Market Performance and Metrics

On Monday, shares of iShares Core S&P 500 ETF opened at $685.17, reflecting a decline of 1.1%. Over the past year, the ETF has experienced a low of $484.00 and a high of $693.07. The stock’s fifty-day simple moving average stands at $677.95, while the two-hundred-day simple moving average is $649.83.

With a market capitalization of $719.09 billion, the ETF boasts a price-to-earnings (PE) ratio of 25.10 and a beta of 1.00, indicating its performance relative to the broader market is closely aligned with that of the S&P 500.

About iShares Core S&P 500 ETF

The iShares Core S&P 500 ETF aims to deliver investment results that correspond with the price and yield performance of the S&P 500 Index. This index is a key benchmark for the large-cap sector of the U.S. equity market, making it a significant choice for investors looking to gain broad exposure to American corporations.

As interest in the ETF continues to rise, investors are keenly watching its performance and the strategic moves made by investment firms. With ongoing fluctuations in the market, the iShares Core S&P 500 ETF remains an important player for those seeking to navigate the complexities of equity investments.