iShares MSCI USA Value Factor ETF (BATS:VLUE) Hits New 12-Month High – Still a Buy?

iShares MSCI USA Value Factor ETF (BATS:VLUE)’s stock price reached a new 52-week high on Monday . The stock traded as high as $204.51 and last traded at $204.47, with a volume of 72356 shares traded. The stock had previously closed at $199.92.

iShares MSCI USA Value Factor ETF Price Performance

The stock’s fifty day simple moving average is $180.38 and its 200-day simple moving average is $156.90. The firm has a market cap of $12.01 billion, a PE ratio of 13.34 and a beta of 0.97.

Hedge Funds Weigh In On iShares MSCI USA Value Factor ETF

Several hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in iShares MSCI USA Value Factor ETF by 2.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 22,746,544 shares of the company’s stock worth $3,110,135,000 after acquiring an additional 586,241 shares during the last quarter. Mason Investment Advisory Services Inc. lifted its position in iShares MSCI USA Value Factor ETF by 0.8% during the 3rd quarter. Mason Investment Advisory Services Inc. now owns 4,702,931 shares of the company’s stock worth $588,101,000 after acquiring an additional 38,865 shares during the period. Bank of America Corp DE grew its stake in iShares MSCI USA Value Factor ETF by 1.0% during the 3rd quarter. Bank of America Corp DE now owns 1,768,935 shares of the company’s stock valued at $221,205,000 after purchasing an additional 17,069 shares during the last quarter. Caisse de depot et placement du Quebec purchased a new stake in iShares MSCI USA Value Factor ETF during the 3rd quarter valued at about $187,061,000. Finally, Morgan Stanley increased its holdings in shares of iShares MSCI USA Value Factor ETF by 13.2% in the fourth quarter. Morgan Stanley now owns 840,473 shares of the company’s stock valued at $114,918,000 after purchasing an additional 98,160 shares during the period.

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. VLUE was launched on Apr 16, 2013 and is managed by BlackRock.