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

Shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) hit a new 52-week high on Thursday . The company traded as high as $612.70 and last traded at $612.70, with a volume of 4932793 shares trading hands. The stock had previously closed at $609.30.

iShares Core S&P 500 ETF Trading Up 0.6 %

The stock’s fifty day simple moving average is $598.56 and its 200-day simple moving average is $577.13. The company has a market capitalization of $528.70 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99.

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

Several institutional investors have recently added to or reduced their stakes in IVV. International Assets Investment Management LLC increased its stake in iShares Core S&P 500 ETF by 67,668.9% in the 3rd quarter. International Assets Investment Management LLC now owns 10,247,335 shares of the company’s stock valued at $5,910,868,000 after buying an additional 10,232,214 shares during the period. Nisa Investment Advisors LLC acquired a new position in shares of iShares Core S&P 500 ETF during the fourth quarter worth about $5,813,061,000. Squarepoint Ops LLC increased its stake in shares of iShares Core S&P 500 ETF by 125.6% during the second quarter. Squarepoint Ops LLC now owns 4,400,000 shares of the company’s stock worth $2,407,812,000 after acquiring an additional 2,450,000 shares during the period. JPMorgan Chase & Co. raised its holdings in iShares Core S&P 500 ETF by 11.7% during the third quarter. JPMorgan Chase & Co. now owns 20,924,985 shares of the company’s stock worth $12,069,951,000 after purchasing an additional 2,187,803 shares in the last quarter. Finally, Millennium Management LLC lifted its position in iShares Core S&P 500 ETF by 54.8% in the second quarter. Millennium Management LLC now owns 6,013,175 shares of the company’s stock valued at $3,290,590,000 after purchasing an additional 2,129,220 shares during the period.

About iShares Core S&P 500 ETF

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.