Citigroup Inc. Sells 53,671 Shares of iShares Russell 2000 Value ETF $IWN

Citigroup Inc. reduced its stake in shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 52.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,182 shares of the company’s stock after selling 53,671 shares during the period. Citigroup Inc. owned 0.08% of iShares Russell 2000 Value ETF worth $8,696,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in iShares Russell 2000 Value ETF by 2.6% during the fourth quarter. Brighton Jones LLC now owns 3,623 shares of the company’s stock valued at $595,000 after purchasing an additional 91 shares in the last quarter. Rhumbline Advisers raised its position in shares of iShares Russell 2000 Value ETF by 50.8% during the 1st quarter. Rhumbline Advisers now owns 1,205 shares of the company’s stock valued at $182,000 after purchasing an additional 406 shares during the period. Assetmark Inc. lifted its stake in shares of iShares Russell 2000 Value ETF by 32.0% during the 2nd quarter. Assetmark Inc. now owns 3,547 shares of the company’s stock valued at $560,000 after buying an additional 859 shares in the last quarter. Marion Wealth Management lifted its stake in shares of iShares Russell 2000 Value ETF by 4.3% during the 2nd quarter. Marion Wealth Management now owns 51,656 shares of the company’s stock valued at $8,149,000 after buying an additional 2,124 shares in the last quarter. Finally, Pointe Capital Management LLC boosted its holdings in iShares Russell 2000 Value ETF by 12.4% in the 2nd quarter. Pointe Capital Management LLC now owns 8,666 shares of the company’s stock worth $1,367,000 after buying an additional 955 shares during the period. 74.70% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 2000 Value ETF Stock Performance

Shares of IWN stock opened at $197.55 on Monday. The stock has a fifty day simple moving average of $193.65 and a two-hundred day simple moving average of $182.99. The firm has a market capitalization of $12.68 billion, a PE ratio of 14.35 and a beta of 1.09. iShares Russell 2000 Value ETF has a 52-week low of $129.38 and a 52-week high of $203.01.

About iShares Russell 2000 Value ETF

iShares Russell 2000 Value ETF, formerly Ishares Trust Russel 2000 (the Fund), formerly iShares Russell 2000 Value Index Fund, is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Russell 2000 Value Index (the Index). The Index measures the performance of equity securities of Russell 2000 Index issuers with relatively lower price-to-book ratios and lower forecasted growth. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.