iShares MSCI USA Value Factor ETF (BATS:VLUE) Sets 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 mid-day trading on Monday . The company traded as high as $108.81 and last traded at $108.10, with a volume of 478682 shares traded. The stock had previously closed at $106.82.

iShares MSCI USA Value Factor ETF Stock Performance

The firm has a market cap of $7.40 billion, a price-to-earnings ratio of 13.26 and a beta of 0.87. The business’s 50-day moving average is $109.21 and its 200-day moving average is $108.15.

Institutional Investors Weigh In On iShares MSCI USA Value Factor ETF

Hedge funds have recently made changes to their positions in the company. Studio Investment Management LLC bought a new stake in iShares MSCI USA Value Factor ETF during the 3rd quarter worth about $28,000. Wilmington Savings Fund Society FSB bought a new position in iShares MSCI USA Value Factor ETF during the 3rd quarter worth approximately $29,000. Armstrong Advisory Group Inc. bought a new position in iShares MSCI USA Value Factor ETF during the 3rd quarter worth approximately $30,000. MGB Wealth Management LLC acquired a new stake in iShares MSCI USA Value Factor ETF during the 3rd quarter worth approximately $30,000. Finally, Northwest Investment Counselors LLC acquired a new stake in iShares MSCI USA Value Factor ETF during the 3rd quarter worth approximately $46,000.

iShares MSCI USA Value Factor ETF Company Profile

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.