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

Shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $618.44 and last traded at $617.72, with a volume of 765699 shares changing hands. The stock had previously closed at $614.76.

iShares Core S&P 500 ETF Stock Performance

The company has a market cap of $611.90 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The business’s 50 day moving average price is $584.50 and its 200-day moving average price is $582.92.

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

A number of hedge funds have recently made changes to their positions in the company. Mesirow Institutional Investment Management Inc. increased its position in shares of iShares Core S&P 500 ETF by 0.4% during the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 4,551 shares of the company’s stock worth $2,679,000 after purchasing an additional 17 shares in the last quarter. Activest Wealth Management increased its position in iShares Core S&P 500 ETF by 1.5% in the 1st quarter. Activest Wealth Management now owns 1,144 shares of the company’s stock valued at $643,000 after acquiring an additional 17 shares in the last quarter. Global Strategic Investment Solutions LLC increased its position in iShares Core S&P 500 ETF by 0.3% in the 4th quarter. Global Strategic Investment Solutions LLC now owns 5,242 shares of the company’s stock valued at $3,086,000 after acquiring an additional 18 shares in the last quarter. Graham Capital Wealth Management LLC increased its position in iShares Core S&P 500 ETF by 2.8% in the 1st quarter. Graham Capital Wealth Management LLC now owns 660 shares of the company’s stock valued at $371,000 after acquiring an additional 18 shares in the last quarter. Finally, GK Wealth Management LLC increased its position in iShares Core S&P 500 ETF by 1.5% in the 1st quarter. GK Wealth Management LLC now owns 1,183 shares of the company’s stock valued at $665,000 after acquiring an additional 18 shares in the last quarter. Institutional investors and hedge funds 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.