PMG Wealth Management Inc. acquired a new stake in iShares MSCI USA Value Factor ETF (BATS:VLUE – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,017 shares of the company’s stock, valued at approximately $213,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Centricity Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Value Factor ETF in the fourth quarter valued at $123,000. Able Wealth Management LLC purchased a new stake in iShares MSCI USA Value Factor ETF in the fourth quarter valued at approximately $787,000. Elk River Wealth Management LLC increased its position in iShares MSCI USA Value Factor ETF by 4.5% during the fourth quarter. Elk River Wealth Management LLC now owns 164,889 shares of the company’s stock worth $17,414,000 after purchasing an additional 7,148 shares during the last quarter. Cannon Financial Strategists Inc. raised its stake in iShares MSCI USA Value Factor ETF by 88.3% during the fourth quarter. Cannon Financial Strategists Inc. now owns 25,120 shares of the company’s stock worth $2,653,000 after purchasing an additional 11,782 shares during the period. Finally, Atlas Legacy Advisors LLC purchased a new stake in shares of iShares MSCI USA Value Factor ETF during the 4th quarter valued at $294,000.
iShares MSCI USA Value Factor ETF Stock Up 4.5 %
VLUE stock opened at $111.63 on Friday. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 13.26 and a beta of 0.87. The business has a fifty day simple moving average of $108.68 and a 200-day simple moving average of $108.58. iShares MSCI USA Value Factor ETF has a 52 week low of $71.21 and a 52 week high of $89.40.
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.
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