iShares Core S&P 500 ETF (NYSEARCA:IVV) Reaches New 12-Month High – Here’s Why

iShares Core S&P 500 ETF (NYSEARCA:IVV) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $613.93 and last traded at $613.46, with a volume of 217836 shares. The stock had previously closed at $612.67.

iShares Core S&P 500 ETF Stock Performance

The business has a 50 day simple moving average of $600.72 and a 200-day simple moving average of $583.02. The firm has a market capitalization of $528.68 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99.

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

Institutional investors have recently bought and sold shares of the company. Gallagher Fiduciary Advisors LLC increased its stake in iShares Core S&P 500 ETF by 13.9% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 7,296 shares of the company’s stock worth $4,295,000 after acquiring an additional 892 shares during the last quarter. Meiji Yasuda Life Insurance Co grew its holdings in shares of iShares Core S&P 500 ETF by 25.6% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 1,078,509 shares of the company’s stock worth $634,897,000 after purchasing an additional 219,741 shares during the period. West Paces Advisors Inc. increased its position in shares of iShares Core S&P 500 ETF by 2.7% during the 4th quarter. West Paces Advisors Inc. now owns 5,758 shares of the company’s stock worth $3,390,000 after purchasing an additional 151 shares during the last quarter. Pennington Partners & CO. LLC purchased a new stake in iShares Core S&P 500 ETF in the 4th quarter valued at about $1,334,000. Finally, South Plains Financial Inc. acquired a new position in iShares Core S&P 500 ETF in the fourth quarter valued at about $3,628,000.

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.