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) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $108.81 and last traded at $111.48, with a volume of 478682 shares trading hands. The stock had previously closed at $106.82.

iShares MSCI USA Value Factor ETF Price Performance

The stock has a market cap of $7.48 billion, a price-to-earnings ratio of 16.17 and a beta of 1.03. The company’s 50 day moving average is $108.84 and its 200 day moving average is $108.93.

Institutional Investors Weigh In On iShares MSCI USA Value Factor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of VLUE. Mason Investment Advisory Services Inc. increased its stake in iShares MSCI USA Value Factor ETF by 1.8% in the 4th quarter. Mason Investment Advisory Services Inc. now owns 4,588,101 shares of the company’s stock valued at $484,549,000 after purchasing an additional 78,917 shares in the last quarter. Bank of America Corp DE grew its holdings in iShares MSCI USA Value Factor ETF by 1.3% in the fourth quarter. Bank of America Corp DE now owns 1,844,430 shares of the company’s stock valued at $194,790,000 after purchasing an additional 23,171 shares during the last quarter. Wharton Business Group LLC increased its position in shares of iShares MSCI USA Value Factor ETF by 0.4% in the fourth quarter. Wharton Business Group LLC now owns 1,295,666 shares of the company’s stock valued at $136,835,000 after buying an additional 5,245 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of iShares MSCI USA Value Factor ETF by 9,534.6% during the 4th quarter. BNP Paribas Financial Markets now owns 1,207,025 shares of the company’s stock worth $127,474,000 after buying an additional 1,194,497 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in shares of iShares MSCI USA Value Factor ETF by 0.7% in the 4th quarter. Cerity Partners LLC now owns 734,076 shares of the company’s stock worth $77,526,000 after buying an additional 5,044 shares in the last quarter.

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.