iShares MSCI USA Value Factor ETF (BATS:VLUE) Sets New 52-Week High – Here’s What Happened

iShares MSCI USA Value Factor ETF (BATS:VLUE) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $108.81 and last traded at $108.10, with a volume of 478682 shares changing hands. The stock had previously closed at $106.82.

iShares MSCI USA Value Factor ETF Stock Up 2.5 %

The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of 13.26 and a beta of 0.87. The stock’s fifty day moving average price is $109.21 and its 200-day moving average price is $108.15.

Hedge Funds Weigh In On iShares MSCI USA Value Factor ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Studio Investment Management LLC bought a new position in iShares MSCI USA Value Factor ETF during the third quarter worth $28,000. Wilmington Savings Fund Society FSB bought a new position in iShares MSCI USA Value Factor ETF during the third quarter worth $29,000. Armstrong Advisory Group Inc. bought a new position in iShares MSCI USA Value Factor ETF during the third quarter worth $30,000. MGB Wealth Management LLC bought a new position in iShares MSCI USA Value Factor ETF during the third quarter worth $30,000. Finally, Northwest Investment Counselors LLC bought a new position in iShares MSCI USA Value Factor ETF during the third quarter worth $46,000.

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.