Absolute Capital Management LLC Purchases Shares of 17,631 iShares MSCI USA Value Factor ETF $VLUE

Absolute Capital Management LLC purchased a new stake in iShares MSCI USA Value Factor ETF (BATS:VLUE) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 17,631 shares of the company’s stock, valued at approximately $2,411,000.

Several other institutional investors have also recently added to or reduced their stakes in VLUE. Diversified Enterprises LLC increased its stake in iShares MSCI USA Value Factor ETF by 2.4% in the 4th quarter. Diversified Enterprises LLC now owns 3,236 shares of the company’s stock worth $442,000 after purchasing an additional 75 shares during the period. Comerica Bank increased its stake in iShares MSCI USA Value Factor ETF by 0.8% in the 3rd quarter. Comerica Bank now owns 12,753 shares of the company’s stock worth $1,595,000 after purchasing an additional 104 shares during the period. Smithfield Trust Co increased its stake in iShares MSCI USA Value Factor ETF by 4.3% in the 3rd quarter. Smithfield Trust Co now owns 2,542 shares of the company’s stock worth $318,000 after purchasing an additional 105 shares during the period. OMNI 360 Wealth Inc. increased its stake in iShares MSCI USA Value Factor ETF by 1.2% in the 4th quarter. OMNI 360 Wealth Inc. now owns 9,321 shares of the company’s stock worth $1,339,000 after purchasing an additional 106 shares during the period. Finally, HUB Investment Partners LLC increased its stake in iShares MSCI USA Value Factor ETF by 4.4% in the 3rd quarter. HUB Investment Partners LLC now owns 2,872 shares of the company’s stock worth $359,000 after purchasing an additional 120 shares during the period.

iShares MSCI USA Value Factor ETF Price Performance

Shares of iShares MSCI USA Value Factor ETF stock opened at $197.58 on Friday. The business’s 50 day simple moving average is $174.05 and its two-hundred day simple moving average is $154.05. The stock has a market capitalization of $11.65 billion, a P/E ratio of 13.34 and a beta of 0.97. iShares MSCI USA Value Factor ETF has a one year low of $108.90 and a one year high of $204.35.

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