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

iShares MSCI USA Value Factor ETF (BATS:VLUE)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $197.07 and last traded at $195.61, with a volume of 664282 shares trading hands. The stock had previously closed at $194.55.

iShares MSCI USA Value Factor ETF Stock Performance

The company has a 50 day moving average price of $164.23 and a 200 day moving average price of $149.58. The firm has a market cap of $11.68 billion, a price-to-earnings ratio of 13.34 and a beta of 0.97.

Hedge Funds Weigh In On iShares MSCI USA Value Factor ETF

Several large investors have recently modified their holdings of VLUE. Russell Investments Group Ltd. lifted its stake in shares of iShares MSCI USA Value Factor ETF by 18.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 6,635 shares of the company’s stock valued at $751,000 after purchasing an additional 1,049 shares during the last quarter. NCM Capital Management LLC raised its holdings in shares of iShares MSCI USA Value Factor ETF by 3.3% in the 2nd quarter. NCM Capital Management LLC now owns 13,142 shares of the company’s stock valued at $1,489,000 after buying an additional 424 shares during the period. Jane Street Group LLC purchased a new stake in shares of iShares MSCI USA Value Factor ETF in the 2nd quarter valued at $568,000. Ameriprise Financial Inc. raised its holdings in shares of iShares MSCI USA Value Factor ETF by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 124,480 shares of the company’s stock valued at $14,092,000 after buying an additional 1,592 shares during the period. Finally, Orion Porfolio Solutions LLC raised its holdings in shares of iShares MSCI USA Value Factor ETF by 1,194.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 194,672 shares of the company’s stock valued at $22,039,000 after buying an additional 179,630 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.