Proathlete Wealth Management Increases Investment in iShares Core S&P 500 ETF

On October 21, 2024, it was reported that Proathlete Wealth Management LLC has raised its stake in the iShares Core S&P 500 ETF (NYSEARCA:IVV) by 5.2% during the third quarter. According to the latest 13F filing with the U.S. Securities and Exchange Commission (SEC), the firm increased its holdings to 106,904 shares after acquiring an additional 5,324 shares in the given period.

The iShares Core S&P 500 ETF constitutes about 25.4% of Proathlete Wealth Management’s entire investment portfolio, making it their largest investment. At the close of the most recent reporting period, the value of Proathlete Wealth Management's holdings in this ETF stood at approximately $61,664,000.

Institutional Investor Activity

Several other institutional investors have also recently adjusted their positions in the iShares Core S&P 500 ETF. Notably, JPMorgan Chase & Co. increased its stake significantly by 60.7% during the first quarter, bringing its total holdings to 20,161,417 shares valued at around $10,599,462,000 after a purchase of 7,615,287 shares in the last quarter.

Additionally, Envestnet Asset Management Inc. raised its investment in the ETF by 21.3% in the second quarter, with total holdings now at 36,046,952 shares worth approximately $19,725,973,000 after acquiring 6,319,531 shares. Marshall Wace LLP also showed commitment by boosting its position by 34.5%, holding 22,513,000 shares valued at $12,319,789,000 after an additional purchase of 5,774,400 shares.

Squarepoint Ops LLC made a significant move by lifting its share count by 125.6% during the second quarter, now owning 4,400,000 shares worth about $2,407,812,000 after acquiring 2,450,000 shares. Lastly, Millennium Management LLC increased its stake in the ETF by 54.8%, now holding 6,013,175 shares valued at around $3,290,590,000 following the acquisition of 2,129,220 additional shares.

iShares Core S&P 500 ETF Overview

The iShares Core S&P 500 ETF, which trades on the NYSE under the ticker IVV, opened at $587.46 on the latest trading day. With a market capitalization of approximately $506.92 billion, the ETF has a price-to-earnings ratio of 25.23 and a beta of 0.99. Over the past year, the fund saw a low of $411.02 and a high of $588.93. Its fifty-day moving average price currently stands at $566.53, while the two-hundred-day moving average is $545.40.

This ETF aims to deliver results that reflect the price and yield performance of the Standard & Poor’s 500 Index, which evaluates the large-cap sector of the U.S. equity market.

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