iShares MSCI USA Value Factor ETF (BATS:VLUE) hits new 1-year high at $108.55

Shares of iShares MSCI USA Value Factor ETF (BATS:VLUE – Get Your Free Report ) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $108.55 and last traded at $108.86 with a volume of 187431 shares. Shares previously closed at $108.37.

Price performance of the iShares MSCI USA Value Factor ETF

The firm has a market cap of $7.35 billion, a price-to-earnings ratio of 13.26 and a beta of 0.87. The company has a 50-day moving average of $105.47 and a 200-day moving average of $104.41.

Hedge Funds Influence iShares MSCI USA Value Factor ETF

A number of hedge funds have recently made changes to their positions in VLUE. Cannon Financial Strategists Inc. purchased a new position in iShares MSCI USA Value Factor ETF in the second quarter valued at approximately $295,000. Sanctuary Advisors LLC purchased a new position in shares of iShares MSCI USA Value Factor ETF in the second quarter valued at approximately $2,062,000. Ariadne Wealth Management LP bought a new position in shares of iShares MSCI USA Value Factor ETF in the second quarter valued at about $607,000. Cetera Investment Advisers raised its stake in 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 purchasing an additional 2,379 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake 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 purchasing an additional 5,199 shares in the last quarter.

Company Profile for iShares MSCI USA Value Factor ETF

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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 US large- and mid-cap stocks. Stocks are selected and weighted using fundamental metrics (earnings, revenue, book value and cash earnings) with the aim of gaining exposure to undervalued stocks in each sector.

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