iShares MSCI USA Value Factor ETF (BATS:VLUE) Hits New 1-Year High – Time to Buy?

iShares MSCI USA Value Factor ETF (BATS:VLUE)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $114.01 and last traded at $113.51, with a volume of 102456 shares changing hands. The stock had previously closed at $112.67.

iShares MSCI USA Value Factor ETF Price Performance

The business has a fifty day simple moving average of $108.64 and a 200 day simple moving average of $105.64. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 13.26 and a beta of 0.87.

Hedge Funds Weigh In On iShares MSCI USA Value Factor ETF

A number of hedge funds have recently made changes to their positions in VLUE. Spire Wealth Management increased its holdings in shares of iShares MSCI USA Value Factor ETF by 19.1% in the second quarter. Spire Wealth Management now owns 2,770 shares of the company’s stock valued at $287,000 after purchasing an additional 445 shares during the last quarter. Stonehearth Capital Management LLC increased its holdings in shares of iShares MSCI USA Value Factor ETF by 4.1% in the third quarter. Stonehearth Capital Management LLC now owns 363,098 shares of the company’s stock valued at $39,592,000 after purchasing an additional 14,196 shares during the last quarter. Elk River Wealth Management LLC increased its holdings in shares of iShares MSCI USA Value Factor ETF by 3.4% in the third quarter. Elk River Wealth Management LLC now owns 157,741 shares of the company’s stock valued at $17,200,000 after purchasing an additional 5,200 shares during the last quarter. &PARTNERS increased its holdings in shares of iShares MSCI USA Value Factor ETF by 26.9% in the second quarter. &PARTNERS now owns 3,354 shares of the company’s stock valued at $347,000 after purchasing an additional 712 shares during the last quarter. Finally, Addison Advisors LLC increased its holdings in shares of iShares MSCI USA Value Factor ETF by 10.3% in the second quarter. Addison Advisors LLC now owns 104,191 shares of the company’s stock valued at $10,780,000 after purchasing an additional 9,716 shares during 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.