Loomis Sayles & Co. L P Invests in iShares Core S&P 500 ETF

Loomis Sayles & Co. L P has recently reported its acquisition of a new stake in the iShares Core S&P 500 ETF (NYSEARCA:IVV) during the third quarter, as per their latest filing with the SEC. They bought 110 shares of the ETF, amounting to an investment valued at roughly $63,000.

Other institutional investors and hedge funds have also adjusted their holdings in iShares Core S&P 500 ETF. For instance, Balboa Wealth Partners increased its position in the ETF by 1.3% during the same quarter, bringing their total to 1,292 shares worth $745,000 after purchasing an additional 17 shares.

Proffitt & Goodson Inc. raised its stake by 21.2% in the second quarter, now owning 103 shares valued at $56,000 following the acquisition of 18 shares. Additionally, TruWealth Advisors LLC increased its holdings by 2.0% in the third quarter, owning 925 shares valued at $534,000 after adding 18 shares.

Lewis Asset Management LLC also upped its position in the ETF by 2.9%, owning 631 shares worth $364,000 after acquiring 18 more over the last quarter. Similarly, Hassell Wealth Management LLC raised its stake by 2.6% in the third quarter, now owning 700 shares valued at $400,000 after purchasing an additional 18 shares.

Latest Stock Performance

As of Friday, the iShares Core S&P 500 ETF was trading at $601.82. The ETF has a market capitalization of approximately $519.31 billion, a price-to-earnings ratio of 25.23, and a beta of 0.99. Over its last 50 days, the moving average stood at $585.04, while the 200-day moving average was $560.74. The ETF has seen a 12-month low of $455.41 and a high of $604.28.

Understanding iShares Core S&P 500 ETF

The iShares Core S&P 500 ETF is an exchange-traded fund that aims to reflect the performance of the Standard & Poor’s 500 Index, which measures large-cap stocks in the U.S. equity market.

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