Archer Investment Management LLC Makes New Investment in iShares S&P 500 Value ETF $IVE

Archer Investment Management LLC purchased a new stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 17,632 shares of the company’s stock, valued at approximately $3,739,000. iShares S&P 500 Value ETF makes up about 2.0% of Archer Investment Management LLC’s investment portfolio, making the stock its 16th biggest position.

Several other institutional investors have also bought and sold shares of the business. Brighton Jones LLC grew its stake in iShares S&P 500 Value ETF by 0.8% in the fourth quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock worth $2,679,000 after purchasing an additional 112 shares in the last quarter. Great Lakes Advisors LLC raised its position in iShares S&P 500 Value ETF by 6,385.7% during the 1st quarter. Great Lakes Advisors LLC now owns 454 shares of the company’s stock valued at $83,000 after purchasing an additional 447 shares in the last quarter. Schnieders Capital Management LLC. bought a new stake in iShares S&P 500 Value ETF during the 2nd quarter valued at $550,000. Franklin Resources Inc. lifted its holdings in shares of iShares S&P 500 Value ETF by 4.3% in the 2nd quarter. Franklin Resources Inc. now owns 51,715 shares of the company’s stock worth $10,106,000 after buying an additional 2,115 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of iShares S&P 500 Value ETF by 38.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 95,300 shares of the company’s stock worth $18,624,000 after buying an additional 26,368 shares during the period.

iShares S&P 500 Value ETF Price Performance

Shares of iShares S&P 500 Value ETF stock opened at $210.24 on Wednesday. iShares S&P 500 Value ETF has a 1 year low of $165.45 and a 1 year high of $223.05. The firm’s 50-day moving average is $217.45 and its two-hundred day moving average is $212.11. The stock has a market cap of $47.49 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89.

iShares S&P 500 Value ETF Company Profile

iShares S&P 500 Value ETF (the Fund), formerly iShares S&P 500 Value Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 500 Value Index (the Index). The Index measures the performance of the large-capitalization value sector of the United States equity market and consists of those stocks in the S&P 500 exhibiting the strongest value characteristics. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.