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

Shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) reached a new 52-week high on Monday . The company traded as high as $603.71 and last traded at $603.41, with a volume of 138235 shares changing hands. The stock had previously closed at $598.45.

iShares Core S&P 500 ETF Stock Up 0.6 %

The company has a 50-day moving average of $583.74 and a 200-day moving average of $560.17. The company has a market cap of $520.98 billion, a PE ratio of 25.23 and a beta of 0.99.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in shares of iShares Core S&P 500 ETF by 21.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 36,046,952 shares of the company’s stock valued at $19,725,973,000 after purchasing an additional 6,319,531 shares during the last quarter. Marshall Wace LLP grew its position in 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 valued at $12,319,789,000 after buying an additional 5,774,400 shares during the period. Creative Planning increased its holdings in iShares Core S&P 500 ETF by 1.2% during the third quarter. Creative Planning now owns 21,368,471 shares of the company’s stock worth $12,325,761,000 after buying an additional 257,499 shares during the last quarter. Bank of New York Mellon Corp raised its position in iShares Core S&P 500 ETF by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 13,683,639 shares of the company’s stock worth $7,488,098,000 after acquiring an additional 237,585 shares during the period. Finally, International Assets Investment Management LLC boosted its stake 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 valued at $5,910,868,000 after acquiring an additional 10,232,214 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.