Samalin Investment Counsel Increases Stake in iShares Core S&P 500 ETF

Samalin Investment Counsel LLC has increased its investment in the iShares Core S&P 500 ETF (NYSEARCA: IVV) by 7.8% during the second quarter of 2023. The firm now holds a total of 2,613 shares, having acquired an additional 188 shares during this period. As of its latest filing with the Securities and Exchange Commission (SEC), Samalin’s total holdings in the ETF are valued at approximately $1,623,000.

Several other institutional investors have also recently adjusted their positions in the iShares Core S&P 500 ETF. For instance, Johnson Bixby & Associates LLC raised its stake by 1.2% in the same quarter, bringing its total to 1,403 shares, valued at $871,000 after purchasing 16 additional shares. Similarly, Wealth Watch Advisors INC increased its holdings by 1.5%, now owning 1,098 shares worth approximately $682,000.

Activest Wealth Management and Greenfield Savings Bank also made modest increases to their stakes. Activest acquired 17 additional shares, resulting in a total of 1,144 shares valued at about $643,000, while Greenfield grew its stake by 2.0%, now owning 869 shares with a value of $540,000. Next Level Private LLC increased its position by 1.6%, acquiring 17 more shares and bringing its total to 1,089 shares worth roughly $676,000.

Currently, institutional investors and hedge funds collectively own 70.12% of the iShares Core S&P 500 ETF. The fund is designed to mirror the performance of the Standard & Poor’s 500 Index, which tracks large-cap U.S. equities.

As of Monday, the iShares Core S&P 500 ETF opened at $674.34. Over the past year, the ETF has seen a low of $484.00 and a high of $693.07. The fund has a market capitalization of approximately $707.72 billion, a price-to-earnings (P/E) ratio of 25.10, and a beta of 1.00, indicating its relative volatility compared to the overall market.

For those interested in further insights into hedge fund activities related to the iShares Core S&P 500 ETF, detailed information, including the latest 13F filings and insider trades, can be accessed through reputable financial platforms.