iShares Core S&P 500 ETF (NYSEARCA:IVV) Hits 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 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 fifty day moving average of $572.18 and a two-hundred day moving average of $551.18. The stock has a market capitalization of $512.50 billion, a P/E ratio of 25.23 and a beta of 0.99.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in IVV. Quent Capital LLC lifted its holdings in iShares Core S&P 500 ETF by 6.8% in the first quarter. Quent Capital LLC now owns 14,076 shares of the company’s stock valued at $7,400,000 after acquiring an additional 899 shares during the period. VeraBank N.A. raised its position in shares of iShares Core S&P 500 ETF by 5.5% in the first quarter. VeraBank N.A. now owns 25,286 shares of the company’s stock worth $13,294,000 after acquiring an additional 1,322 shares during the period. Embree Financial Group raised its position in shares of iShares Core S&P 500 ETF by 26.6% in the first quarter. Embree Financial Group now owns 3,043 shares of the company’s stock worth $1,600,000 after acquiring an additional 639 shares during the period. Richardson Financial Services Inc. boosted its stake in shares of iShares Core S&P 500 ETF by 423.3% during the 1st quarter. Richardson Financial Services Inc. now owns 539 shares of the company’s stock worth $283,000 after acquiring an additional 436 shares in the last quarter. Finally, Noesis Capital Mangement Corp acquired a new stake in shares of iShares Core S&P 500 ETF during the 1st quarter valued at about $204,000.

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.