iShares Core S&P 500 ETF (NYSEARCA:IVV) Sets New 12-Month High – Time to Buy?

iShares Core S&P 500 ETF (NYSEARCA:IVV)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $753.95 and last traded at $753.37, with a volume of 289807 shares traded. The stock had previously closed at $749.14.

iShares Core S&P 500 ETF Stock Up 0.5%

The company has a market cap of $831.29 billion, a PE ratio of 25.10 and a beta of 1.00. The stock has a 50-day simple moving average of $699.02 and a 200 day simple moving average of $690.79.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Heck Capital Advisors LLC acquired a new position in shares of iShares Core S&P 500 ETF during the 4th quarter worth about $331,591,000. Bison Wealth LLC grew its position in iShares Core S&P 500 ETF by 24.0% during the fourth quarter. Bison Wealth LLC now owns 7,799 shares of the company’s stock worth $4,591,000 after buying an additional 1,511 shares during the period. Schnieders Capital Management LLC. grew its holdings in shares of iShares Core S&P 500 ETF by 0.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 5,656 shares of the company’s stock worth $3,512,000 after acquiring an additional 45 shares during the period. First Trust Advisors LP grew its holdings in shares of iShares Core S&P 500 ETF by 43.1% in the 2nd quarter. First Trust Advisors LP now owns 6,989 shares of the company’s stock worth $4,340,000 after acquiring an additional 2,105 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of iShares Core S&P 500 ETF by 1.2% in the 2nd quarter. Sei Investments Co. now owns 8,455 shares of the company’s stock worth $5,250,000 after acquiring an additional 97 shares during the period. Hedge funds and other 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.