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

iShares Core S&P 500 ETF (NYSEARCA:IVV) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $699.26 and last traded at $699.4360, with a volume of 944511 shares changing hands. The stock had previously closed at $695.89.

iShares Core S&P 500 ETF Price Performance

The company has a market capitalization of $768.81 billion, a P/E ratio of 25.10 and a beta of 1.00. The business’s 50-day moving average price is $686.18 and its two-hundred day moving average price is $667.53.

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

Institutional investors have recently modified their holdings of the business. Heck Capital Advisors LLC acquired a new stake in shares of iShares Core S&P 500 ETF during the fourth quarter worth $331,591,000. Bison Wealth LLC raised its stake in shares of iShares Core S&P 500 ETF by 24.0% in the 4th quarter. Bison Wealth LLC now owns 7,799 shares of the company’s stock valued at $4,591,000 after purchasing an additional 1,511 shares during the period. Lloyd Advisory Services LLC. raised its stake in shares of iShares Core S&P 500 ETF by 4.0% in the 2nd quarter. Lloyd Advisory Services LLC. now owns 1,394 shares of the company’s stock valued at $865,000 after purchasing an additional 54 shares during the period. Howard Capital Management Group LLC lifted its holdings in shares of iShares Core S&P 500 ETF by 7.8% in the second quarter. Howard Capital Management Group LLC now owns 915 shares of the company’s stock valued at $568,000 after purchasing an additional 66 shares in the last quarter. Finally, Highline Wealth Partners LLC boosted its position in shares of iShares Core S&P 500 ETF by 8.9% during the second quarter. Highline Wealth Partners LLC now owns 2,325 shares of the company’s stock worth $1,444,000 after buying an additional 190 shares during the period. Institutional investors own 70.12% of the company’s stock.

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.