iShares Core S&P 500 ETF (NYSEARCA:IVV) Reaches New 52-Week High – Should You Buy?

iShares Core S&P 500 ETF (NYSEARCA:IVV) shares hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $784.09 and last traded at $782.3180, with a volume of 326144 shares. The stock had previously closed at $778.25.

iShares Core S&P 500 ETF Trading Up 0.7%

The firm has a fifty day moving average price of $768.47 and a 200 day moving average price of $739.88. The firm has a market cap of $901.99 billion, a PE ratio of 25.10 and a beta of 1.00.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in iShares Core S&P 500 ETF by 25.6% during the second quarter. Envestnet Asset Management Inc. now owns 41,391,871 shares of the ETF’s stock worth $30,997,946,000 after acquiring an additional 8,432,228 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of iShares Core S&P 500 ETF by 1.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,018,846 shares of the ETF’s stock worth $26,225,264,000 after purchasing an additional 421,146 shares during the period. Corient Private Wealth LLC grew its holdings in shares of iShares Core S&P 500 ETF by 400.8% during the 4th quarter. Corient Private Wealth LLC now owns 17,425,305 shares of the ETF’s stock worth $11,935,288,000 after purchasing an additional 13,946,081 shares during the period. Millennium Management LLC increased its position in shares of iShares Core S&P 500 ETF by 93.3% during the 4th quarter. Millennium Management LLC now owns 14,494,278 shares of the ETF’s stock worth $9,927,711,000 after purchasing an additional 6,995,145 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of iShares Core S&P 500 ETF by 27.2% during the 4th quarter. Squarepoint Ops LLC now owns 10,478,051 shares of the ETF’s stock worth $7,176,836,000 after purchasing an additional 2,241,167 shares during the last quarter. 70.12% of the stock is currently owned by institutional investors and hedge funds.

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. 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.