Texas Capital Bank Increases Investment in iShares Core S&P 500 ETF

Texas Capital Bank Wealth Management Services Inc has increased its holdings in the iShares Core S&P 500 ETF (NYSEARCA:IVV) by an impressive 33.7% during the third quarter of 2023. According to its latest 13F filing with the Securities and Exchange Commission (SEC), the bank now owns 3,727 shares of the ETF, having acquired an additional 939 shares during the quarter. As of the end of September, the value of Texas Capital Bank’s investment in the ETF reached approximately $2,494,000.

Other institutional investors have also made notable adjustments to their positions in the iShares Core S&P 500 ETF. For instance, Winnow Wealth LLC established a new stake valued at around $61,000 in the same quarter. Ulland Investment Advisors LLC significantly increased its stake by 87.3%, now holding 103 shares worth about $69,000 after purchasing an additional 48 shares.

Conquis Financial LLC also entered the fray by acquiring a new position estimated at $82,000 during the third quarter. Additionally, Your Advocates Ltd. LLP raised its stake by 51.6% in the previous quarter, ultimately owning 138 shares valued at around $86,000. Darwin Wealth Management LLC similarly made a new investment in the ETF, amounting to approximately $92,000.

Overall, institutional investors and hedge funds now collectively own 70.12% of the iShares Core S&P 500 ETF, reflecting strong interest in this investment vehicle.

About iShares Core S&P 500 ETF

The iShares Core S&P 500 ETF aims to track the performance of the Standard & Poor’s 500 Index, which measures the performance of large-capitalization stocks in the United States equity market. The component stocks are weighted by their total float-adjusted market value. The ETF invests in a representative sample of securities that collectively mirror the investment profile of the index.

In recent trading, the iShares Core S&P 500 ETF experienced a 0.6% decline, reflecting broader market trends. Investors interested in obtaining further details on holdings or recent trades can visit HoldingsChannel.com for the latest 13F filings and insider transactions related to the ETF.

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