iShares Core S&P 500 ETF (NYSEARCA:IVV) Hits New 52-Week High – Still a Buy?

iShares Core S&P 500 ETF (NYSEARCA:IVV)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $720.20 and last traded at $720.04, with a volume of 1892952 shares changing hands. The stock had previously closed at $714.89.

iShares Core S&P 500 ETF Stock Performance

The firm has a fifty day simple moving average of $681.22 and a 200-day simple moving average of $683.55. The firm has a market cap of $794.78 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00.

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

Several hedge funds have recently added to or reduced their stakes in the business. Beacon Financial Group lifted its position in iShares Core S&P 500 ETF by 24.4% during the first quarter. Beacon Financial Group now owns 39,783 shares of the company’s stock worth $25,987,000 after acquiring an additional 7,808 shares during the last quarter. Forza Wealth Management LLC lifted its position in iShares Core S&P 500 ETF by 6.7% during the first quarter. Forza Wealth Management LLC now owns 6,598 shares of the company’s stock worth $4,310,000 after acquiring an additional 417 shares during the last quarter. Main Street Research LLC lifted its position in iShares Core S&P 500 ETF by 102.7% during the first quarter. Main Street Research LLC now owns 2,554 shares of the company’s stock worth $1,668,000 after acquiring an additional 1,294 shares during the last quarter. Mosaic Family Wealth Partners LLC lifted its position in iShares Core S&P 500 ETF by 59.1% during the first quarter. Mosaic Family Wealth Partners LLC now owns 2,280 shares of the company’s stock worth $1,489,000 after acquiring an additional 847 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in shares of iShares Core S&P 500 ETF by 8.7% during the first quarter. Kestra Advisory Services LLC now owns 755,209 shares of the company’s stock worth $493,310,000 after buying an additional 60,538 shares in the last quarter. Institutional investors and hedge funds 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.