iShares Core S&P 500 ETF (NYSEARCA:IVV) Sets New 1-Year High – What’s Next?

iShares Core S&P 500 ETF (NYSEARCA:IVV) shares hit a new 52-week high on Wednesday . The company traded as high as $578.12 and last traded at $577.97, with a volume of 456682 shares. The stock had previously closed at $575.94.

iShares Core S&P 500 ETF Stock Up 0.6 %

The stock has a market capitalization of $502.46 billion, a PE ratio of 25.23 and a beta of 0.99. The company’s fifty day moving average price is $559.76 and its 200-day moving average price is $542.55.

Hedge Funds Weigh In On iShares Core S&P 500 ETF

A number of hedge funds have recently bought and sold shares of IVV. Envestnet Asset Management Inc. boosted its position in iShares Core S&P 500 ETF by 21.3% in the second quarter. Envestnet Asset Management Inc. now owns 36,046,952 shares of the company’s stock worth $19,725,973,000 after purchasing an additional 6,319,531 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of iShares Core S&P 500 ETF by 34.5% in 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 last quarter. Creative Planning increased its holdings in iShares Core S&P 500 ETF by 2.5% during the second quarter. Creative Planning now owns 21,110,972 shares of the company’s stock valued at $11,552,557,000 after buying an additional 509,048 shares during the last quarter. JPMorgan Chase & Co. raised its position in iShares Core S&P 500 ETF by 60.7% in the first quarter. JPMorgan Chase & Co. now owns 20,161,417 shares of the company’s stock worth $10,599,462,000 after acquiring an additional 7,615,287 shares during the period. Finally, 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.

iShares Core S&P 500 ETF Company Profile

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.