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

iShares Core S&P 500 ETF (NYSEARCA:IVV) shares hit a new 52-week high on Thursday . The company traded as high as $616.22 and last traded at $615.85, with a volume of 3210219 shares trading hands. The stock had previously closed at $614.48.

iShares Core S&P 500 ETF Trading Up 0.2 %

The firm has a market capitalization of $531.42 billion, a PE ratio of 25.23 and a beta of 0.99. The business’s 50 day simple moving average is $601.10 and its two-hundred day simple moving average is $584.74.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Balboa Wealth Partners boosted its position in iShares Core S&P 500 ETF by 1.3% in the 3rd quarter. Balboa Wealth Partners now owns 1,292 shares of the company’s stock valued at $745,000 after buying an additional 17 shares during the period. Mesirow Institutional Investment Management Inc. boosted its position in iShares Core S&P 500 ETF by 0.4% in the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 4,551 shares of the company’s stock valued at $2,679,000 after buying an additional 17 shares during the period. Lewis Asset Management LLC boosted its position in iShares Core S&P 500 ETF by 2.9% in the 3rd quarter. Lewis Asset Management LLC now owns 631 shares of the company’s stock valued at $364,000 after buying an additional 18 shares during the period. Hassell Wealth Management LLC boosted its position in iShares Core S&P 500 ETF by 2.6% in the 3rd quarter. Hassell Wealth Management LLC now owns 700 shares of the company’s stock valued at $400,000 after buying an additional 18 shares during the period. Finally, Sandbox Financial Partners LLC boosted its position in iShares Core S&P 500 ETF by 1.1% in the 4th quarter. Sandbox Financial Partners LLC now owns 1,654 shares of the company’s stock valued at $974,000 after buying an additional 18 shares during the period.

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.