iShares Core S&P 500 ETF (NYSEARCA:IVV) Reaches New 1-Year High – Here’s Why

iShares Core S&P 500 ETF (NYSEARCA:IVV)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $765.78 and last traded at $765.57, with a volume of 200849 shares trading hands. The stock had previously closed at $761.32.

iShares Core S&P 500 ETF Stock Performance

The stock has a market cap of $898.30 billion, a P/E ratio of 25.10 and a beta of 1.00. The company’s 50 day moving average price is $749.43 and its 200-day moving average price is $714.75.

Hedge Funds Weigh In On iShares Core S&P 500 ETF

Several hedge funds have recently modified their holdings of IVV. Punch & Associates Investment Management Inc. raised its stake in iShares Core S&P 500 ETF by 50.0% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock valued at $27,000 after acquiring an additional 14 shares during the last quarter. Hidden Cove Wealth Management LLC grew its stake in shares of iShares Core S&P 500 ETF by 3.5% in the 2nd quarter. Hidden Cove Wealth Management LLC now owns 409 shares of the ETF’s stock valued at $306,000 after purchasing an additional 14 shares during the last quarter. Wealth Effects LLC increased its holdings in shares of iShares Core S&P 500 ETF by 0.4% in the fourth quarter. Wealth Effects LLC now owns 4,276 shares of the ETF’s stock valued at $2,929,000 after purchasing an additional 15 shares during the period. West Wealth Group LLC raised its stake in shares of iShares Core S&P 500 ETF by 1.1% during the fourth quarter. West Wealth Group LLC now owns 1,440 shares of the ETF’s stock worth $987,000 after purchasing an additional 15 shares during the last quarter. Finally, Keeler & Nadler Financial Planning & Wealth Management raised its stake in shares of iShares Core S&P 500 ETF by 2.9% during the fourth quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 539 shares of the ETF’s stock worth $369,000 after purchasing an additional 15 shares during the last quarter. Institutional investors own 70.12% of the company’s stock.

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. 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.