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

Shares of iShares Core S&P 500 ETF (NYSEARCA:IVVGet Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $698.46 and last traded at $698.6710, with a volume of 2871144 shares trading hands. The stock had previously closed at $697.08.

More iShares Core S&P 500 ETF News

Here are the key news stories impacting iShares Core S&P 500 ETF this week:

iShares Core S&P 500 ETF Stock Up 0.2%

The company has a market capitalization of $764.46 billion, a P/E ratio of 25.10 and a beta of 1.00. The firm’s 50-day moving average price is $683.17 and its 200 day moving average price is $662.14.

Institutional Trading of iShares Core S&P 500 ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Forza Wealth Management LLC lifted its holdings in shares of iShares Core S&P 500 ETF by 28.7% in the 3rd quarter. Forza Wealth Management LLC now owns 6,457 shares of the company’s stock valued at $4,322,000 after buying an additional 1,438 shares during the period. Fortitude Family Office LLC raised its position in iShares Core S&P 500 ETF by 13.4% in the third quarter. Fortitude Family Office LLC now owns 49,231 shares of the company’s stock worth $32,950,000 after acquiring an additional 5,800 shares in the last quarter. Community Trust & Investment Co. lifted its holdings in iShares Core S&P 500 ETF by 29.9% in the third quarter. Community Trust & Investment Co. now owns 4,314 shares of the company’s stock valued at $2,887,000 after acquiring an additional 992 shares during the period. Legacy Wealth Management Inc lifted its holdings in iShares Core S&P 500 ETF by 1.4% in the third quarter. Legacy Wealth Management Inc now owns 537,532 shares of the company’s stock valued at $359,770,000 after acquiring an additional 7,487 shares during the period. Finally, Cobblestone Asset Management LLC boosted its position in shares of iShares Core S&P 500 ETF by 10.1% during the 3rd quarter. Cobblestone Asset Management LLC now owns 21,216 shares of the company’s stock worth $14,200,000 after purchasing an additional 1,941 shares in the last quarter. 70.12% of the stock is owned by hedge funds and other institutional investors.

About iShares Core S&P 500 ETF

(Get Free Report)

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. The component stocks are weighted according to the total float-adjusted market value of their outstanding shares. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.

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