iShares Core S&P 500 ETF (NYSEARCA:IVV) Reaches New 1-Year High – Should You Buy?

iShares Core S&P 500 ETF (NYSEARCA:IVV)’s stock price hit 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 trading hands. The stock had previously closed at $670.08.

iShares Core S&P 500 ETF Stock Down 0.5%

The company has a market capitalization of $666.05 billion, a PE ratio of 25.10 and a beta of 1.00. The stock’s fifty day moving average price is $647.07 and its two-hundred day moving average price is $602.31.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IVV. Flaharty Asset Management LLC purchased a new stake in iShares Core S&P 500 ETF in the first quarter worth about $28,000. Lord & Richards Wealth Management LLC purchased a new stake in iShares Core S&P 500 ETF in the first quarter worth $31,000. Nvwm LLC raised its holdings in iShares Core S&P 500 ETF by 210.5% in the second quarter. Nvwm LLC now owns 59 shares of the company’s stock worth $37,000 after purchasing an additional 40 shares in the last quarter. Marquette Asset Management LLC lifted its position in iShares Core S&P 500 ETF by 51.9% during the first quarter. Marquette Asset Management LLC now owns 79 shares of the company’s stock valued at $44,000 after buying an additional 27 shares during the period. Finally, Cheviot Value Management LLC bought a new stake in shares of iShares Core S&P 500 ETF during the 1st quarter valued at $52,000. 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.