Archer Investment Corp Raises Stock Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Archer Investment Corp lifted its position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) by 2.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,900 shares of the company’s stock after purchasing an additional 74 shares during the period. Archer Investment Corp’s holdings in iShares Core S&P 500 ETF were worth $1,673,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IVV. Envestnet Asset Management Inc. grew its position in iShares Core S&P 500 ETF by 21.3% in the 2nd 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 stake in iShares Core S&P 500 ETF by 34.5% in the 2nd quarter. Marshall Wace LLP now owns 22,513,000 shares of the company’s stock worth $12,319,789,000 after purchasing an additional 5,774,400 shares during the period. Creative Planning increased its holdings in shares of iShares Core S&P 500 ETF by 1.2% in the 3rd quarter. Creative Planning now owns 21,368,471 shares of the company’s stock valued at $12,325,761,000 after purchasing an additional 257,499 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of iShares Core S&P 500 ETF by 60.7% during 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 in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings 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 buying an additional 237,585 shares during the last quarter.

iShares Core S&P 500 ETF Price Performance

NYSEARCA:IVV traded down $5.33 during midday trading on Friday, reaching $590.90. The stock had a trading volume of 593,696 shares, compared to its average volume of 5,045,362. The firm’s fifty day simple moving average is $577.65 and its 200-day simple moving average is $555.03. The stock has a market capitalization of $509.89 billion, a P/E ratio of 25.23 and a beta of 0.99. iShares Core S&P 500 ETF has a 1-year low of $450.19 and a 1-year high of $603.09.

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.