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

iShares Core S&P 500 ETF (NYSEARCA:IVV) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $744.22 and last traded at $742.75, with a volume of 5314818 shares changing hands. The stock had previously closed at $740.97.

iShares Core S&P 500 ETF Price Performance

The stock has a market capitalization of $820.18 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The business has a fifty day moving average of $686.43 and a 200 day moving average of $686.43.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IVV. Northwestern Mutual Wealth Management Co. lifted its stake in iShares Core S&P 500 ETF by 1.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 33,837,717 shares of the company’s stock worth $23,176,806,000 after purchasing an additional 409,816 shares in the last quarter. Marshall Wace LLP lifted its stake in iShares Core S&P 500 ETF by 17.9% during the fourth quarter. Marshall Wace LLP now owns 32,452,900 shares of the company’s stock worth $22,228,289,000 after purchasing an additional 4,928,585 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in iShares Core S&P 500 ETF by 0.7% during the third quarter. Envestnet Asset Management Inc. now owns 28,570,831 shares of the company’s stock worth $19,122,455,000 after purchasing an additional 201,983 shares in the last quarter. Creative Planning lifted its stake in iShares Core S&P 500 ETF by 2.3% during the third quarter. Creative Planning now owns 22,735,267 shares of the company’s stock worth $15,216,714,000 after purchasing an additional 505,293 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in iShares Core S&P 500 ETF by 27.7% during the fourth quarter. Bank of America Corp DE now owns 21,696,475 shares of the company’s stock worth $14,860,784,000 after purchasing an additional 4,709,612 shares in the last quarter. 70.12% of the stock is currently owned by institutional investors and hedge funds.

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. 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.