Modera Wealth Management LLC has decreased its investment in the iShares Core S&P 500 ETF (NYSEARCA: IVV) by 1.6% during the third quarter of 2023. According to the firm’s recent Form 13F filing with the Securities and Exchange Commission, it now holds 265,210 shares after selling 4,356 shares during this period. This adjustment positions the iShares Core S&P 500 ETF as the tenth largest holding in Modera’s portfolio, valued at approximately $177,505,000 at the quarter’s end.
Several institutional investors adjusted their stakes in the iShares Core S&P 500 ETF in recent weeks. Notably, Falcon Wealth Planning increased its position by 0.4% in the third quarter, bringing its total holdings to 4,141 shares, valued at around $2,771,000 after acquiring an additional 15 shares. Similarly, Atwood & Palmer Inc. raised its stake by 0.9%, now owning 1,775 shares worth approximately $1,188,000 following a purchase of 15 shares.
Cathy Pareto & Associates Inc. also reported a 2.7% increase in its holdings, now owning 578 shares valued at $387,000 after an additional acquisition of 15 shares. Balanced Wealth Group LLC raised its stake by 0.8% in the same timeframe, bringing its total to 1,927 shares worth about $1,196,000 following another purchase of 15 shares. Johnson Bixby & Associates LLC increased its investment by 1.2% in the second quarter, now holding 1,403 shares valued at approximately $871,000.
Institutional investors and hedge funds control 70.12% of the iShares Core S&P 500 ETF, highlighting its significance in the market.
Market Impact and Fund Overview
The iShares Core S&P 500 ETF is designed to reflect the price and yield performance of the Standard & Poor’s 500 Index, which tracks the performance of large-cap U.S. stocks. The ETF invests in a representative sample of the securities that comprise the Index, maintaining an investment profile that closely aligns with the overall market movements.
As of now, the iShares Core S&P 500 ETF has remained stable, trading up 0.0% recently. The ETF continues to attract institutional interest, with various firms adjusting their holdings in response to market conditions.
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