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

iShares Core S&P 500 ETF (NYSEARCA:IVV) shares hit a new 52-week high on Thursday . The company traded as high as $616.22 and last traded at $615.85, with a volume of 3210219 shares changing hands. The stock had previously closed at $614.48.

iShares Core S&P 500 ETF Stock Down 1.7 %

The firm has a market capitalization of $520.22 billion, a PE ratio of 25.23 and a beta of 0.99. The business’s 50-day moving average price is $601.14 and its 200-day moving average price is $585.52.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IVV. Marshall Wace LLP raised its holdings in shares of iShares Core S&P 500 ETF by 1.9% during the 4th quarter. Marshall Wace LLP now owns 23,607,000 shares of the company’s stock valued at $13,896,969,000 after purchasing an additional 446,000 shares in the last quarter. JPMorgan Chase & Co. increased its position 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 buying an additional 2,187,803 shares during the last quarter. Wells Fargo & Company MN increased its position in iShares Core S&P 500 ETF by 11.8% during the fourth quarter. Wells Fargo & Company MN now owns 17,852,125 shares of the company’s stock worth $10,509,189,000 after buying an additional 1,885,907 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in iShares Core S&P 500 ETF by 2.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 15,123,633 shares of the company’s stock valued at $8,902,980,000 after buying an additional 338,269 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of iShares Core S&P 500 ETF by 1.3% in the fourth quarter. Bank of New York Mellon Corp now owns 13,904,814 shares of the company’s stock worth $8,185,485,000 after buying an additional 183,962 shares during the last quarter.

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.