iShares MSCI USA Value Factor ETF (BATS:VLUE) Reaches New 1-Year High – Here’s Why

iShares MSCI USA Value Factor ETF (BATS:VLUE) reached a new 52-week high on Monday . The stock traded as high as $114.01 and last traded at $113.51, with a volume of 102456 shares trading hands. The stock had previously closed at $112.67.

iShares MSCI USA Value Factor ETF Trading Up 0.7 %

The firm has a 50 day moving average of $108.40 and a two-hundred day moving average of $105.49. The stock has a market capitalization of $7.67 billion, a PE ratio of 13.26 and a beta of 0.87.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Spire Wealth Management increased its holdings in iShares MSCI USA Value Factor ETF by 19.1% during the 2nd quarter. Spire Wealth Management now owns 2,770 shares of the company’s stock valued at $287,000 after acquiring an additional 445 shares in the last quarter. Stonehearth Capital Management LLC raised its position in shares of iShares MSCI USA Value Factor ETF by 4.1% during the 3rd quarter. Stonehearth Capital Management LLC now owns 363,098 shares of the company’s stock worth $39,592,000 after purchasing an additional 14,196 shares during the last quarter. Elk River Wealth Management LLC lifted its stake in iShares MSCI USA Value Factor ETF by 3.4% in the 3rd quarter. Elk River Wealth Management LLC now owns 157,741 shares of the company’s stock valued at $17,200,000 after buying an additional 5,200 shares in the last quarter. &PARTNERS grew its holdings in iShares MSCI USA Value Factor ETF by 26.9% during the 2nd quarter. &PARTNERS now owns 3,354 shares of the company’s stock valued at $347,000 after buying an additional 712 shares during the last quarter. Finally, Addison Advisors LLC grew its holdings in iShares MSCI USA Value Factor ETF by 10.3% during the 2nd quarter. Addison Advisors LLC now owns 104,191 shares of the company’s stock valued at $10,780,000 after buying an additional 9,716 shares during the last quarter.

About iShares MSCI USA Value Factor ETF

The iShares MSCI USA Value Factor ETF (VLUE) is an exchange-traded fund that is based on the MSCI USA Enhanced Value index. The fund tracks an index of large- and mid-cap US equities. Stocks are selected and weighted using fundamental metrics (earnings, revenue, book value and cash earnings), aiming for exposure to undervalued stocks in each sector.