iShares MSCI USA Value Factor ETF (BATS:VLUE) Hits New 12-Month High at $107.71

iShares MSCI USA Value Factor ETF (BATS:VLUE)’s share price hit a new 52-week high on Tuesday . The company traded as high as $107.71 and last traded at $106.23, with a volume of 155869 shares. The stock had previously closed at $108.03.

iShares MSCI USA Value Factor ETF Trading Down 0.8 %

The company’s fifty day moving average is $104.95 and its 200-day moving average is $104.12. The firm has a market capitalization of $7.09 billion, a P/E ratio of 13.26 and a beta of 0.87.

Institutional Investors Weigh In On iShares MSCI USA Value Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new stake in iShares MSCI USA Value Factor ETF in the 2nd quarter valued at $2,062,000. Ariadne Wealth Management LP acquired a new position in shares of iShares MSCI USA Value Factor ETF during the second quarter valued at about $607,000. Cetera Investment Advisers lifted its stake in shares of iShares MSCI USA Value Factor ETF by 3.1% in the second quarter. Cetera Investment Advisers now owns 79,023 shares of the company’s stock valued at $8,176,000 after buying an additional 2,379 shares during the period. NewEdge Advisors LLC grew its position in iShares MSCI USA Value Factor ETF by 134.7% during the second quarter. NewEdge Advisors LLC now owns 9,059 shares of the company’s stock worth $937,000 after buying an additional 5,199 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in iShares MSCI USA Value Factor ETF by 2.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 18,858,245 shares of the company’s stock valued at $1,951,785,000 after acquiring an additional 480,177 shares during the period.

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.