Earned Wealth Advisors LLC has expanded its investment in the iShares Core S&P 500 ETF (NYSEARCA: IVV) by 20.6% during the second quarter of 2023, based on its latest Form 13F filing with the Securities and Exchange Commission (SEC). The advisory firm now holds 63,203 shares of the ETF, having acquired an additional 10,814 shares during this period. This investment represents approximately 7.7% of Earned Wealth Advisors’ total holdings, marking it as the firm’s third-largest position.
As of the close of the most recent reporting period, the value of Earned Wealth Advisors’ holdings in the iShares Core S&P 500 ETF amounts to $39,243,000. Several other institutional investors have also adjusted their stakes in the ETF recently. For instance, Johnson Bixby & Associates LLC increased its position by 1.2%, now owning 1,403 shares valued at $871,000, following the purchase of an additional 16 shares.
Wealth Watch Advisors INC similarly raised its position by 1.5%, now holding 1,098 shares worth $682,000 after acquiring 16 shares in the second quarter. Activest Wealth Management also lifted its stake by 1.5% earlier this year, bringing its total to 1,144 shares valued at $643,000 after an additional 17 shares were purchased.
Additionally, Greenfield Savings Bank increased its investment in the ETF by 2.0%, now owning 869 shares worth $540,000 following a similar acquisition of 17 shares. Next Level Private LLC also boosted its position by 1.6%, with 1,089 shares now valued at $676,000 after acquiring an additional 17 shares during the same period.
The collective holdings of institutional investors and hedge funds represent approximately 70.12% of the company’s stock.
Market Performance and Overview
As of Friday, shares of the iShares Core S&P 500 ETF opened at $683.23. The ETF’s performance indicators include a 50-day moving average of $664.56 and a 200-day moving average of $623.89. With a market capitalization of $716.54 billion, it holds a price-to-earnings ratio of 25.10 and a beta of 1.00. The fund has experienced a fifty-two week low of $484.00 and a high of $693.07.
The iShares Core S&P 500 ETF is designed to track the performance of the Standard & Poor’s 500 Index, which measures the performance of large-capitalization companies in the United States equity market. This ETF is popular among investors seeking broad exposure to the U.S. stock market.
In conclusion, the strategic moves by Earned Wealth Advisors and other institutional investors reflect a sustained interest in the iShares Core S&P 500 ETF, which continues to serve as a key component in many investment portfolios.
