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

iShares Core S&P 500 ETF (NYSEARCA:IVV)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $753.95 and last traded at $753.37, with a volume of 289807 shares changing hands. The stock had previously closed at $749.14.

iShares Core S&P 500 ETF Stock Performance

The firm has a market capitalization of $831.29 billion, a PE ratio of 25.10 and a beta of 1.00. The company has a fifty day simple moving average of $699.02 and a two-hundred day simple moving average of $690.79.

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

Hedge funds have recently made changes to their positions in the stock. Legacy Private Trust Co. increased its holdings in shares of iShares Core S&P 500 ETF by 1.1% in the fourth quarter. Legacy Private Trust Co. now owns 333,049 shares of the company’s stock valued at $228,119,000 after purchasing an additional 3,711 shares during the period. Coyle Financial Counsel LLC increased its holdings in shares of iShares Core S&P 500 ETF by 7.1% in the third quarter. Coyle Financial Counsel LLC now owns 107,161 shares of the company’s stock valued at $71,723,000 after purchasing an additional 7,120 shares during the period. Hubbell Strickland Wealth Management LLC grew its holdings in iShares Core S&P 500 ETF by 2.0% during the fourth quarter. Hubbell Strickland Wealth Management LLC now owns 39,670 shares of the company’s stock worth $27,172,000 after acquiring an additional 792 shares during the period. Belpointe Asset Management LLC grew its holdings in iShares Core S&P 500 ETF by 4.5% during the fourth quarter. Belpointe Asset Management LLC now owns 39,767 shares of the company’s stock worth $27,239,000 after acquiring an additional 1,700 shares during the period. Finally, Atria Investments Inc grew its holdings in iShares Core S&P 500 ETF by 14.0% during the fourth quarter. Atria Investments Inc now owns 251,381 shares of the company’s stock worth $172,181,000 after acquiring an additional 30,777 shares during the period. 70.12% of the stock is currently owned by hedge funds and other institutional investors.

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.