Whittier Trust Co. has expanded its investment in the iShares Core S&P 500 ETF (NYSEARCA: IVV) by purchasing an additional 2,558 shares during the third quarter of 2023. According to its latest filing with the Securities and Exchange Commission (SEC), the firm now holds a total of 426,405 shares. This adjustment reflects a modest increase of 0.6% in their stake, positioning the iShares Core S&P 500 ETF as the sixth largest holding within Whittier Trust Co.’s portfolio.
At the end of the third quarter, Whittier Trust Co.’s investment in the iShares Core S&P 500 ETF was valued at approximately $286,723,000. This represents about 3.3% of the firm’s total holdings, underlining the ETF’s significance in their investment strategy.
Several other institutional investors have also made notable adjustments to their holdings in the iShares Core S&P 500 ETF. For instance, NVWM LLC increased its position by an impressive 210.5% during the second quarter, bringing its total to 59 shares valued at about $37,000 after acquiring an additional 40 shares. Similarly, Hager Investment Management Services LLC entered the ETF market with a new stake worth approximately $61,000 during the same period.
Moreover, Rice Partnership LLC reported a staggering 460.0% increase in their holdings, now owning 112 shares valued at $70,000 following the purchase of 92 additional shares. Creative Capital Management Investments LLC and Conquis Financial LLC also joined the ranks of investors, acquiring new positions valued at $80,000 and $82,000, respectively.
Institutional investors and hedge funds collectively control 70.12% of the shares in the iShares Core S&P 500 ETF, reflecting a strong institutional interest in this vehicle.
About iShares Core S&P 500 ETF
The iShares Core S&P 500 ETF is an exchange-traded fund designed to track the performance of the Standard & Poor’s 500 Index. This index serves as a benchmark for large-cap U.S. equities, measuring the performance of influential companies in various sectors. The fund invests in a representative sample of securities included in the index, ensuring its overall investment profile aligns closely with that of the index.
Investors interested in the latest updates and insights regarding the iShares Core S&P 500 ETF can find useful information on various financial platforms, including HoldingsChannel.com, which provides comprehensive data on 13F filings and insider trades. For daily news summaries and analyst ratings, MarketBeat.com offers a free email newsletter that keeps investors informed about developments related to the ETF and its competitors.
The movements of institutional investors like Whittier Trust Co. and others indicate a growing confidence in the iShares Core S&P 500 ETF as a vital component of diversified investment strategies.
