Xcel Wealth Management's Holdings in iShares Core S&P 500 ETF

Xcel Wealth Management LLC has reduced its investment in the iShares Core S&P 500 ETF (NYSEARCA: IVV) by 7.1% during the third quarter, as per its latest 13F filing with the Securities and Exchange Commission (SEC). After selling 37 shares, the firm now holds 486 shares of this ETF. The value of Xcel's holdings in the iShares Core S&P 500 ETF amounts to $281,000, based on the latest information submitted to the SEC.

In addition to Xcel Wealth Management, several other institutional investors have recently adjusted their positions in the iShares Core S&P 500 ETF. Harbor Advisory Corp MA increased its stake by 2.2% in the third quarter, bringing its total shares to 17,454, valued at approximately $10,068,000 after acquiring an additional 379 shares in the last quarter. Similarly, Sky Investment Group LLC entered a new investment in the ETF, estimated at around $1,131,000.

Traphagen Investment Advisors LLC also boosted its holdings by 1.8% during the same period, now owning 402,355 shares worth about $232,086,000 after adding 6,995 shares. RFP Financial Group LLC raised its stake by 2.4%, resulting in ownership of 36,144 shares valued at $20,848,000, following an increase of 846 shares. Lastly, Fortis Group Advisors LLC increased its position by 2.0%, owning 4,950 shares now worth $2,855,000 after purchasing 96 additional shares.

Performance of iShares Core S&P 500 ETF

As of Wednesday, shares of the iShares Core S&P 500 ETF opened at $586.12. The ETF has a fifty-day moving average of $568.35 and a two-hundred-day moving average of $546.36. It boasts a market capitalization of $505.76 billion and a price-to-earnings ratio of 25.23, with a beta of 0.99. Over the past year, the stock has experienced a low of $411.02 and reached a high of $588.93.

About iShares Core S&P 500 ETF

The iShares Core S&P 500 ETF is an exchange-traded fund designed to mirror the price and yield performance of the Standard & Poor’s 500 Index. This index represents the performance of the large-cap sector of the United States equity market.

Xcel, Wealth, Investment