Loomis Sayles & Co. L P Invests $63,000 in iShares Core S&P 500 ETF

Loomis Sayles & Co. L P has recently made a noteworthy investment by acquiring a new stake in the iShares Core S&P 500 ETF (NYSEARCA:IVV) during the third quarter of the financial year. According to the latest disclosure made to the SEC, the institutional investor purchased a total of 110 shares of this ETF, which amounts to an investment valued at approximately $63,000.

This investment caught the attention of market analysts, especially as several other institutional investors and hedge funds have also been active in adjusting their positions in iShares Core S&P 500 ETF. For instance, Balboa Wealth Partners increased its holdings by 1.3% in the same quarter, bringing its total to 1,292 shares valued at around $745,000 after an additional purchase of 17 shares. Similarly, Proffitt & Goodson Inc. raised its position by a significant 21.2% during the second quarter, now holding 103 shares worth about $56,000 after acquiring 18 extra shares in the previous quarter.

TruWealth Advisors LLC also reported a 2.0% growth in its holdings of the iShares Core S&P 500 ETF during the third quarter. This move increased its total to 925 shares, valued at approximately $534,000. Likewise, Lewis Asset Management LLC enhanced its stake by 2.9% in the same period and now owns 631 shares worth about $364,000 after purchasing an additional 18 shares. Lastly, Hassell Wealth Management LLC increased its investment by 2.6%, bringing its total to 700 shares valued at $400,000 following the acquisition of 18 more shares during the quarter.

Current Performance of iShares Core S&P 500 ETF

As of Friday, the iShares Core S&P 500 ETF opened at $601.82. The ETF boasts a market capitalization of $519.31 billion, with a P/E ratio of 25.23 and a beta of 0.99. Its 50-day moving average currently stands at $585.04, while the 200-day moving average is $560.74. The ETF has seen a twelve-month low of $455.41, and its highest value over the same period has reached $604.28.

About iShares Core S&P 500 ETF

The iShares Core S&P 500 ETF is an exchange-traded fund that aims to replicate the price and yield performance of the Standard & Poor’s 500 Index. This index is well-known for measuring the performance of large-cap companies in the United States equity market.

investment, ETF, Loomis, S&P500, shares