iShares Core S&P 500 ETF (NYSEARCA:IVV) Hits New 52-Week High – Here’s Why

iShares Core S&P 500 ETF (NYSEARCA:IVV)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $578.12 and last traded at $577.97, with a volume of 456682 shares. The stock had previously closed at $575.94.

iShares Core S&P 500 ETF Trading Up 0.5 %

The company has a market capitalization of $499.52 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99. The stock’s fifty day simple moving average is $558.58 and its 200-day simple moving average is $542.03.

Institutional Trading of iShares Core S&P 500 ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. 1620 Investment Advisors Inc. acquired a new position in iShares Core S&P 500 ETF in the second quarter valued at approximately $36,000. Thompson Investment Management Inc. purchased a new position in shares of iShares Core S&P 500 ETF in the 1st quarter valued at $37,000. Covestor Ltd grew its position in shares of iShares Core S&P 500 ETF by 321.1% in the 1st quarter. Covestor Ltd now owns 80 shares of the company’s stock valued at $42,000 after buying an additional 61 shares during the last quarter. Ables Iannone Moore & Associates Inc. acquired a new stake in iShares Core S&P 500 ETF during the 4th quarter worth $44,000. Finally, Richardson Financial Services Inc. purchased a new stake in iShares Core S&P 500 ETF in the fourth quarter valued at $49,000.

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.