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

iShares Core S&P 500 ETF (NYSEARCA:IVV)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $657.82 and last traded at $655.49, with a volume of 18432495 shares trading hands. The stock had previously closed at $653.62.

iShares Core S&P 500 ETF Stock Performance

The company has a market capitalization of $660.28 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The business’s 50-day simple moving average is $639.00 and its 200-day simple moving average is $596.44.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IVV. Flaharty Asset Management LLC acquired a new position in iShares Core S&P 500 ETF during the 1st quarter valued at about $28,000. Windsor Advisory Group LLC lifted its position in iShares Core S&P 500 ETF by 100.0% during the 4th quarter. Windsor Advisory Group LLC now owns 50 shares of the company’s stock valued at $29,000 after purchasing an additional 25 shares during the period. Lord & Richards Wealth Management LLC acquired a new position in iShares Core S&P 500 ETF during the 1st quarter valued at about $31,000. Nvwm LLC lifted its position in iShares Core S&P 500 ETF by 210.5% during the 2nd quarter. Nvwm LLC now owns 59 shares of the company’s stock valued at $37,000 after purchasing an additional 40 shares during the period. Finally, Marquette Asset Management LLC raised its position in shares of iShares Core S&P 500 ETF by 51.9% in the 1st quarter. Marquette Asset Management LLC now owns 79 shares of the company’s stock valued at $44,000 after acquiring an additional 27 shares during the period. 70.12% of the stock is currently owned by institutional investors and hedge funds.

About iShares Core S&P 500 ETF

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.