Archer Investment Corp Sells 229 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Archer Investment Corp decreased its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 35.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 416 shares of the company’s stock after selling 229 shares during the quarter. Archer Investment Corp’s holdings in iShares S&P 500 Value ETF were worth $76,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IVE. Fisher Asset Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter worth $339,000. Merit Financial Group LLC grew its stake in shares of iShares S&P 500 Value ETF by 12.0% in the fourth quarter. Merit Financial Group LLC now owns 2,176 shares of the company’s stock worth $378,000 after acquiring an additional 234 shares during the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of iShares S&P 500 Value ETF by 4.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 6,805 shares of the company’s stock worth $1,183,000 after acquiring an additional 314 shares during the last quarter. Lincoln National Corp grew its stake in shares of iShares S&P 500 Value ETF by 4.1% in the fourth quarter. Lincoln National Corp now owns 12,589 shares of the company’s stock worth $2,189,000 after acquiring an additional 501 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in shares of iShares S&P 500 Value ETF by 2.0% in the fourth quarter. Cullen Frost Bankers Inc. now owns 99,459 shares of the company’s stock worth $17,295,000 after acquiring an additional 1,925 shares during the last quarter.

iShares S&P 500 Value ETF Price Performance

IVE opened at $194.48 on Thursday. iShares S&P 500 Value ETF has a fifty-two week low of $147.23 and a fifty-two week high of $196.36. The firm’s fifty day moving average price is $187.82 and its two-hundred day moving average price is $184.04. The company has a market capitalization of $34.84 billion, a P/E ratio of 23.79 and a beta of 0.81.

iShares S&P 500 Value ETF 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.