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

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

iShares Core S&P 500 ETF Price Performance

The firm has a 50-day moving average price of $574.26 and a 200 day moving average price of $552.49. The company has a market cap of $518.72 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99.

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

Large investors have recently added to or reduced their stakes in the stock. 1620 Investment Advisors Inc. acquired a new stake in iShares Core S&P 500 ETF during the second quarter worth approximately $36,000. Kennebec Savings Bank acquired a new stake in iShares Core S&P 500 ETF during the third quarter worth approximately $40,000. Covestor Ltd grew its position in iShares Core S&P 500 ETF by 321.1% during the first quarter. Covestor Ltd now owns 80 shares of the company’s stock worth $42,000 after buying an additional 61 shares in the last quarter. Peterson Financial Group Inc. acquired a new stake in iShares Core S&P 500 ETF during the third quarter worth approximately $46,000. Finally, Christopher J. Hasenberg Inc grew its position in iShares Core S&P 500 ETF by 65.6% during the third quarter. Christopher J. Hasenberg Inc now owns 101 shares of the company’s stock worth $58,000 after buying an additional 40 shares in 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.