iShares Core S&P 500 ETF (NYSEARCA:IVV) Reaches New 1-Year High – Time to Buy?

Shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $782.27 and last traded at $782.11, with a volume of 319991 shares. The stock had previously closed at $776.19.

iShares Core S&P 500 ETF Stock Up 0.6%

The company has a market cap of $907.17 billion, a P/E ratio of 25.10 and a beta of 1.00. The company has a fifty day moving average of $750.94 and a 200 day moving average of $717.75.

Institutional Investors Weigh In On iShares Core S&P 500 ETF

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

iShares Core S&P 500 ETF Company Profile

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.