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

Shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) reached a new 52-week high during mid-day trading on Thursday . The stock 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 Stock Performance

The firm has a market capitalization of $531.42 billion, a P/E ratio of 25.23 and a beta of 0.99. The firm has a 50-day moving average of $601.10 and a 200-day moving average of $584.74.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ARQ Wealth Advisors LLC lifted its position in iShares Core S&P 500 ETF by 3.6% in the 4th quarter. ARQ Wealth Advisors LLC now owns 3,456 shares of the company’s stock valued at $2,034,000 after acquiring an additional 121 shares in the last quarter. Toronto Dominion Bank raised its stake in iShares Core S&P 500 ETF by 1.3% during the 4th quarter. Toronto Dominion Bank now owns 2,825 shares of the company’s stock valued at $1,661,000 after buying an additional 37 shares during the last quarter. Three Cord True Wealth Management LLC purchased a new stake in iShares Core S&P 500 ETF during the 4th quarter valued at $262,000. Warm Springs Advisors Inc. purchased a new stake in iShares Core S&P 500 ETF during the 4th quarter valued at $3,922,000. Finally, Formidable Asset Management LLC raised its stake in iShares Core S&P 500 ETF by 0.6% during the 4th quarter. Formidable Asset Management LLC now owns 3,363 shares of the company’s stock valued at $1,980,000 after buying an additional 20 shares during the last quarter.

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.