iShares Core S&P 500 ETF (NYSEARCA:IVV) Reaches New 52-Week High – Time to Buy?

iShares Core S&P 500 ETF (NYSEARCA:IVV)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $606.62 and last traded at $606.05, with a volume of 456747 shares changing hands. The stock had previously closed at $605.07.

iShares Core S&P 500 ETF Price Performance

The business has a fifty day simple moving average of $585.69 and a 200 day simple moving average of $561.77. The firm has a market cap of $523.17 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

A number of large investors have recently made changes to their positions in IVV. International Assets Investment Management LLC grew its position in iShares Core S&P 500 ETF by 67,668.9% in the third quarter. International Assets Investment Management LLC now owns 10,247,335 shares of the company’s stock worth $5,910,868,000 after acquiring an additional 10,232,214 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of iShares Core S&P 500 ETF by 21.3% during the second quarter. Envestnet Asset Management Inc. now owns 36,046,952 shares of the company’s stock worth $19,725,973,000 after buying an additional 6,319,531 shares during the period. Marshall Wace LLP boosted its position in shares of iShares Core S&P 500 ETF by 34.5% during the second quarter. Marshall Wace LLP now owns 22,513,000 shares of the company’s stock worth $12,319,789,000 after buying an additional 5,774,400 shares during the period. Squarepoint Ops LLC boosted its position in shares of iShares Core S&P 500 ETF by 125.6% during the second quarter. Squarepoint Ops LLC now owns 4,400,000 shares of the company’s stock worth $2,407,812,000 after buying an additional 2,450,000 shares during the period. Finally, Millennium Management LLC boosted its position in shares of iShares Core S&P 500 ETF by 54.8% during the second quarter. Millennium Management LLC now owns 6,013,175 shares of the company’s stock worth $3,290,590,000 after buying an additional 2,129,220 shares during the period.

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.