iShares Core S&P 500 ETF (NYSEARCA:IVV) Sets New 12-Month Low – Here’s Why

iShares Core S&P 500 ETF (NYSEARCA:IVV)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $484.00 and last traded at $485.58, with a volume of 1821666 shares trading hands. The stock had previously closed at $507.61.

iShares Core S&P 500 ETF Trading Down 0.2 %

The stock has a market capitalization of $521.57 billion, a PE ratio of 24.79 and a beta of 1.01. The firm’s 50-day moving average price is $585.52 and its 200-day moving average price is $589.36.

Institutional Investors Weigh In On iShares Core S&P 500 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IVV. Summit Global Investments increased its holdings in iShares Core S&P 500 ETF by 56.3% during the first quarter. Summit Global Investments now owns 1,171 shares of the company’s stock valued at $658,000 after buying an additional 422 shares during the period. Stairway Partners LLC increased its holdings in shares of iShares Core S&P 500 ETF by 1.0% in the 1st quarter. Stairway Partners LLC now owns 240,149 shares of the company’s stock valued at $134,940,000 after acquiring an additional 2,378 shares during the period. GAMMA Investing LLC raised its position in shares of iShares Core S&P 500 ETF by 65,310.1% in the 1st quarter. GAMMA Investing LLC now owns 4,113,639 shares of the company’s stock worth $2,311,454,000 after acquiring an additional 4,107,350 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in shares of iShares Core S&P 500 ETF by 18.7% during the 1st quarter. AdvisorNet Financial Inc now owns 75,284 shares of the company’s stock worth $42,302,000 after purchasing an additional 11,845 shares during the last quarter. Finally, Bath Savings Trust Co boosted its position in iShares Core S&P 500 ETF by 126.8% during the first quarter. Bath Savings Trust Co now owns 3,012 shares of the company’s stock valued at $1,692,000 after purchasing an additional 1,684 shares in the last quarter.

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.