Orrstown Financial Services Inc. Acquires 5,261 Shares of iShares Core S&P 500 ETF (NYSEARCA:IVV)

Orrstown Financial Services Inc. has increased its investment in the iShares Core S&P 500 ETF (NYSEARCA:IVV) by 5.9% during the third quarter, according to recent reports. The investment firm now holds a total of 95,098 shares after adding an additional 5,261 shares during this period. This ETF represents about 16.2% of Orrstown Financial Services’ entire investment portfolio, marking it as their largest holding. As of the latest filing with the SEC, the total value of this investment has reached approximately $54,854,000.

Several other institutional investors have also made adjustments to their positions in the iShares Core S&P 500 ETF. For instance, Proffitt & Goodson Inc. increased its stake by 21.2% during the second quarter, now holding 103 shares valued at $56,000 after buying 18 additional shares. TruWealth Advisors LLC saw a 2.0% increase in their holdings during the third quarter, now owning 925 shares worth $534,000, also after acquiring 18 shares. Similarly, Global Trust Asset Management LLC boosted their position by 5.3% in the second quarter, bringing their total to 379 shares valued at $207,000 after an increase of 19 shares. Indiana Trust & Investment Management Co. added 19 shares during the third quarter as well, resulting in 3,524 shares valued at $2,033,000, marking a 0.5% increase. Lastly, MTM Investment Management LLC raised their stake by 6.9% in the second quarter with a total of 308 shares currently valued at $169,000 after the purchase of 20 more shares.

Current Performance of iShares Core S&P 500 ETF

As of Wednesday, the iShares Core S&P 500 ETF opened at $584.56, with a market capitalization of $504.42 billion. The ETF shows a price-to-earnings ratio of 25.23 and has a beta of 0.99. Over the past year, the fund has experienced a low of $414.04 and a peak of $588.93. The 50-day moving average price stands at $570.92, while the 200-day moving average price is $548.61.

About iShares Core S&P 500 ETF

iShares Core S&P 500 ETF is an exchange-traded fund designed to replicate the performance of the Standard & Poor’s 500 Index, which encompasses the large-capitalization segment of the U.S. equity market.

Orrstown, Investment, ETF