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

iShares Core S&P 500 ETF (NYSEARCA:IVV) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $592.29 and last traded at $591.34, with a volume of 808031 shares traded. The stock had previously closed at $579.49.

iShares Core S&P 500 ETF Stock Up 0.4 %

The firm has a 50 day simple moving average of $574.26 and a 200-day simple moving average of $552.49. The stock has a market cap of $518.72 billion, a P/E ratio of 25.23 and a beta of 0.99.

Institutional Trading of iShares Core S&P 500 ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. 1620 Investment Advisors Inc. bought a new stake in iShares Core S&P 500 ETF in the second quarter valued at approximately $36,000. Kennebec Savings Bank acquired a new position in shares of iShares Core S&P 500 ETF in the third quarter valued at approximately $40,000. Covestor Ltd grew its position in shares of iShares Core S&P 500 ETF by 321.1% in the first quarter. Covestor Ltd now owns 80 shares of the company’s stock valued at $42,000 after purchasing an additional 61 shares during the last quarter. Peterson Financial Group Inc. acquired a new position in shares of iShares Core S&P 500 ETF in the third quarter valued at approximately $46,000. Finally, Christopher J. Hasenberg Inc grew its position in shares of iShares Core S&P 500 ETF by 65.6% in the third quarter. Christopher J. Hasenberg Inc now owns 101 shares of the company’s stock valued at $58,000 after purchasing an additional 40 shares during the last quarter.

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.