Citigroup Inc. Has $23.99 Million Position in iShares S&P 500 Value ETF $IVE

Citigroup Inc. boosted its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 116,174 shares of the company’s stock after purchasing an additional 3,081 shares during the quarter. Citigroup Inc. owned about 0.06% of iShares S&P 500 Value ETF worth $23,991,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IVE. United Services Automobile Association bought a new stake in iShares S&P 500 Value ETF in the 2nd quarter valued at about $26,000. Center for Financial Planning Inc. acquired a new position in shares of iShares S&P 500 Value ETF during the third quarter worth approximately $32,000. Tripletail Wealth Management LLC bought a new position in shares of iShares S&P 500 Value ETF in the 3rd quarter worth $37,000. Rossmore Private Capital acquired a new stake in iShares S&P 500 Value ETF in the 3rd quarter valued at $44,000. Finally, Cloud Capital Management LLC bought a new stake in iShares S&P 500 Value ETF during the 3rd quarter valued at $45,000.

iShares S&P 500 Value ETF Trading Up 0.2%

IVE opened at $221.94 on Friday. iShares S&P 500 Value ETF has a 1-year low of $165.45 and a 1-year high of $223.05. The company has a market cap of $50.14 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89. The company’s fifty day moving average price is $217.35 and its two-hundred day moving average price is $210.44.

About iShares S&P 500 Value ETF

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.