Archer Investment Management LLC Invests $4.49 Million in iShares Core S&P 500 ETF $IVV

Archer Investment Management LLC bought a new stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVVFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,550 shares of the company’s stock, valued at approximately $4,487,000. iShares Core S&P 500 ETF accounts for about 2.4% of Archer Investment Management LLC’s portfolio, making the stock its 11th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of IVV. Heck Capital Advisors LLC acquired a new position in iShares Core S&P 500 ETF during the fourth quarter worth $331,591,000. Bison Wealth LLC grew its position in shares of iShares Core S&P 500 ETF by 24.0% in the fourth quarter. Bison Wealth LLC now owns 7,799 shares of the company’s stock valued at $4,591,000 after purchasing an additional 1,511 shares during the period. Schnieders Capital Management LLC. increased its stake in shares of iShares Core S&P 500 ETF by 0.8% during the second quarter. Schnieders Capital Management LLC. now owns 5,656 shares of the company’s stock worth $3,512,000 after purchasing an additional 45 shares in the last quarter. Richmond Investment Services LLC increased its stake in shares of iShares Core S&P 500 ETF by 387.8% during the second quarter. Richmond Investment Services LLC now owns 3,483 shares of the company’s stock worth $2,163,000 after purchasing an additional 2,769 shares in the last quarter. Finally, Blueprint Financial Advisors LLC acquired a new position in shares of iShares Core S&P 500 ETF during the 2nd quarter worth about $6,636,000. Hedge funds and other institutional investors own 70.12% of the company’s stock.

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iShares Core S&P 500 ETF Trading Up 0.5%

Shares of iShares Core S&P 500 ETF stock opened at $659.74 on Thursday. The firm has a market capitalization of $725.19 billion, a PE ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a twelve month low of $484.00 and a twelve month high of $700.97. The firm’s 50-day moving average price is $684.35 and its 200 day moving average price is $680.03.

About iShares Core S&P 500 ETF

(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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Institutional Ownership by Quarter for iShares Core S&P 500 ETF (NYSEARCA:IVV)

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