iShares MSCI USA Value Factor ETF (BATS:VLUE) Reaches New 52-Week High – Here’s What Happened

iShares MSCI USA Value Factor ETF (BATS:VLUE)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $110.67 and last traded at $109.56, with a volume of 173030 shares changing hands. The stock had previously closed at $110.84.

iShares MSCI USA Value Factor ETF Stock Up 0.0 %

The business has a 50 day moving average price of $107.53 and a two-hundred day moving average price of $104.92. The stock has a market cap of $7.38 billion, a P/E ratio of 13.26 and a beta of 0.87.

Hedge Funds Weigh In On iShares MSCI USA Value Factor ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors boosted its position in shares of iShares MSCI USA Value Factor ETF by 1.9% during the 2nd quarter. Arkadios Wealth Advisors now owns 5,436 shares of the company’s stock valued at $562,000 after acquiring an additional 101 shares during the last quarter. Goldstein Advisors LLC grew its stake in shares of iShares MSCI USA Value Factor ETF by 2.7% in the 2nd quarter. Goldstein Advisors LLC now owns 4,412 shares of the company’s stock worth $456,000 after buying an additional 114 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of iShares MSCI USA Value Factor ETF by 22.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 659 shares of the company’s stock worth $67,000 after buying an additional 121 shares in the last quarter. Crewe Advisors LLC increased its holdings in shares of iShares MSCI USA Value Factor ETF by 27.5% in the 2nd quarter. Crewe Advisors LLC now owns 765 shares of the company’s stock worth $79,000 after buying an additional 165 shares during the last quarter. Finally, Financial & Tax Architects LLC raised its position in shares of iShares MSCI USA Value Factor ETF by 0.7% during the 2nd quarter. Financial & Tax Architects LLC now owns 23,323 shares of the company’s stock valued at $2,413,000 after buying an additional 165 shares in 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.