iShares Core S&P 500 ETF (NYSEARCA:IVV) Sets New 1-Year High – Still a Buy?

iShares Core S&P 500 ETF (NYSEARCA:IVVGet Free Report)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $744.22 and last traded at $742.75, with a volume of 5314818 shares traded. The stock had previously closed at $740.97.

iShares Core S&P 500 ETF Price Performance

The business has a 50 day simple moving average of $686.43 and a 200 day simple moving average of $686.43. The company has a market capitalization of $820.18 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00.

Institutional Trading of iShares Core S&P 500 ETF

A number of large investors have recently modified their holdings of IVV. Heck Capital Advisors LLC purchased a new stake in shares of iShares Core S&P 500 ETF during the fourth quarter worth $331,591,000. Bison Wealth LLC increased its position in shares of iShares Core S&P 500 ETF by 24.0% during the fourth quarter. Bison Wealth LLC now owns 7,799 shares of the company’s stock worth $4,591,000 after acquiring an additional 1,511 shares during the period. Schnieders Capital Management LLC. increased its position in shares of iShares Core S&P 500 ETF by 0.8% during the second quarter. Schnieders Capital Management LLC. now owns 5,656 shares of the company’s stock worth $3,512,000 after acquiring an additional 45 shares during the period. First Trust Advisors LP increased its position in shares of iShares Core S&P 500 ETF by 43.1% during the second quarter. First Trust Advisors LP now owns 6,989 shares of the company’s stock worth $4,340,000 after acquiring an additional 2,105 shares during the period. Finally, Sei Investments Co. increased its holdings in iShares Core S&P 500 ETF by 1.2% in the second quarter. Sei Investments Co. now owns 8,455 shares of the company’s stock valued at $5,250,000 after buying an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 70.12% of the company’s stock.

About iShares Core S&P 500 ETF

(Get Free Report)

iShares Core S&P 500 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Standard & Poor’s 500 Index (the Index). The Index measures the performance of the large-capitalization sector of the United States equity market. The component stocks are weighted according to the total float-adjusted market value of their outstanding shares. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.

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