iShares Core S&P 500 ETF (NYSEARCA:IVV) Sets New 52-Week High – What’s Next?

iShares Core S&P 500 ETF (NYSEARCA:IVV) reached a new 52-week high during trading on Wednesday . The stock traded as high as $670.55 and last traded at $666.50, with a volume of 7510019 shares traded. The stock had previously closed at $670.08.

iShares Core S&P 500 ETF Stock Down 0.5%

The firm’s 50 day simple moving average is $645.73 and its 200 day simple moving average is $601.20. The company has a market capitalization of $671.37 billion, a PE ratio of 25.10 and a beta of 1.00.

Institutional Trading of iShares Core S&P 500 ETF

A number of large investors have recently made changes to their positions in IVV. New Vernon Capital Holdings II LLC boosted its stake in shares of iShares Core S&P 500 ETF by 53,779.2% during the first quarter. New Vernon Capital Holdings II LLC now owns 24,775,295 shares of the company’s stock valued at $13,921,238,000 after purchasing an additional 24,729,312 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of iShares Core S&P 500 ETF by 31.4% during the first quarter. JPMorgan Chase & Co. now owns 23,892,610 shares of the company’s stock valued at $13,425,259,000 after purchasing an additional 5,708,115 shares during the period. GAMMA Investing LLC boosted its stake in shares of iShares Core S&P 500 ETF by 65,310.1% during the first quarter. GAMMA Investing LLC now owns 4,113,639 shares of the company’s stock valued at $2,311,454,000 after purchasing an additional 4,107,350 shares during the period. Millennium Management LLC boosted its stake in shares of iShares Core S&P 500 ETF by 67.7% during the first quarter. Millennium Management LLC now owns 9,308,270 shares of the company’s stock valued at $5,230,317,000 after purchasing an additional 3,757,143 shares during the period. Finally, Laurel Wealth Advisors LLC boosted its stake in shares of iShares Core S&P 500 ETF by 63,164.8% during the second quarter. Laurel Wealth Advisors LLC now owns 2,748,222 shares of the company’s stock valued at $1,706,371,000 after purchasing an additional 2,743,878 shares during the period. 70.12% of the stock is owned by hedge funds and other institutional investors.

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.