Beirne Wealth Consulting Services LLC has significantly increased its investment in the iShares Core S&P 500 ETF, boosting its holdings by 51.2% during the second quarter of this year. According to the firm’s most recent filing with the Securities and Exchange Commission, Beirne now owns 32,733 shares of the ETF, having acquired an additional 11,090 shares during this period. This investment now represents 6.6% of Beirne’s total portfolio, making the iShares Core S&P 500 ETF its third largest position, valued at approximately $20,338,000.
Other institutional investors have also recently adjusted their positions in the iShares Core S&P 500 ETF. Flaharty Asset Management LLC initiated a new position in the ETF during the first quarter, valued at about $28,000. Similarly, Lord & Richards Wealth Management LLC and Cheviot Value Management LLC made new investments worth around $31,000 and $52,000, respectively. Hager Investment Management Services LLC added to its holdings in the second quarter with an investment valued at approximately $61,000. Notably, Rice Partnership LLC increased its stake by an impressive 460.0%, now owning 112 shares worth $70,000 after acquiring an additional 92 shares.
As of now, institutional investors and hedge funds collectively own 70.12% of the iShares Core S&P 500 ETF. This reflects a strong interest in the ETF, which tracks the performance of the Standard & Poor’s 500 Index, a key indicator of large-cap U.S. equities.
Current Performance and Market Metrics
The iShares Core S&P 500 ETF opened at $690.34 on Wednesday, reflecting its robust performance in the market. The stock has shown significant movement, with a 50-day simple moving average of $662.68 and a 200-day simple moving average of $622.40. Over the past year, the ETF has reached a low of $484.00 and a high of $692.26.
With a market capitalization of $724.51 billion, the ETF maintains a price-to-earnings ratio of 25.10 and a beta of 1.00, indicating its stability relative to the market.
The iShares Core S&P 500 ETF serves as a significant investment vehicle for those looking to gain exposure to the U.S. equity market, particularly in large-cap stocks.
For those interested in further insights and updates on institutional holdings, additional information can be accessed through resources such as HoldingsChannel.com, which provides real-time updates regarding the latest 13F filings and insider trades related to the iShares Core S&P 500 ETF.
