iShares MSCI USA Value Factor ETF (BATS:VLUE) Reaches New 12-Month High – Here’s What Happened

iShares MSCI USA Value Factor ETF (BATS:VLUE)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $114.91 and last traded at $114.20, with a volume of 262662 shares traded. The stock had previously closed at $114.57.

iShares MSCI USA Value Factor ETF Price Performance

The business has a 50 day simple moving average of $110.77 and a 200 day simple moving average of $106.79. The company has a market capitalization of $7.63 billion, a price-to-earnings ratio of 13.26 and a beta of 0.87.

Hedge Funds Weigh In On iShares MSCI USA Value Factor ETF

Large investors have recently bought and sold shares of the business. Spire Wealth Management increased its holdings in iShares MSCI USA Value Factor ETF by 19.1% in the second quarter. Spire Wealth Management now owns 2,770 shares of the company’s stock valued at $287,000 after buying an additional 445 shares during the last quarter. Stonehearth Capital Management LLC grew its holdings in shares of iShares MSCI USA Value Factor ETF by 4.1% during the third 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 grew its holdings in shares of iShares MSCI USA Value Factor ETF by 3.4% during the third quarter. Elk River Wealth Management LLC now owns 157,741 shares of the company’s stock worth $17,200,000 after purchasing an additional 5,200 shares during the last quarter. &PARTNERS grew its holdings in shares of iShares MSCI USA Value Factor ETF by 26.9% during the second quarter. &PARTNERS now owns 3,354 shares of the company’s stock worth $347,000 after purchasing an additional 712 shares during the last quarter. Finally, Harbour Investments Inc. grew its holdings in shares of iShares MSCI USA Value Factor ETF by 1.1% during the third quarter. Harbour Investments Inc. now owns 14,506 shares of the company’s stock worth $1,582,000 after purchasing an additional 154 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.