iShares Core S&P 500 ETF (NYSEARCA:IVV) Hits New 52-Week High – Here’s Why

iShares Core S&P 500 ETF (NYSEARCA:IVVGet Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $753.95 and last traded at $753.37, with a volume of 289807 shares changing hands. The stock had previously closed at $749.14.

iShares Core S&P 500 ETF Trading Up 0.0%

The stock’s 50 day moving average price is $702.44 and its 200 day moving average price is $691.87. The company has a market capitalization of $832.79 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00.

Hedge Funds Weigh In On iShares Core S&P 500 ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Legacy Private Trust Co. grew its position in shares of iShares Core S&P 500 ETF by 1.1% in the 4th quarter. Legacy Private Trust Co. now owns 333,049 shares of the company’s stock valued at $228,119,000 after buying an additional 3,711 shares during the last quarter. Coyle Financial Counsel LLC grew its stake in iShares Core S&P 500 ETF by 7.1% during the 3rd quarter. Coyle Financial Counsel LLC now owns 107,161 shares of the company’s stock worth $71,723,000 after buying an additional 7,120 shares during the last quarter. Hubbell Strickland Wealth Management LLC grew its stake in iShares Core S&P 500 ETF by 2.0% during the 4th quarter. Hubbell Strickland Wealth Management LLC now owns 39,670 shares of the company’s stock worth $27,172,000 after buying an additional 792 shares during the last quarter. Belpointe Asset Management LLC increased its position in iShares Core S&P 500 ETF by 4.5% during the fourth quarter. Belpointe Asset Management LLC now owns 39,767 shares of the company’s stock worth $27,239,000 after buying an additional 1,700 shares during the period. Finally, Atria Investments Inc increased its position in iShares Core S&P 500 ETF by 14.0% during the fourth quarter. Atria Investments Inc now owns 251,381 shares of the company’s stock worth $172,181,000 after buying an additional 30,777 shares during the period. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Company Profile

(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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