iShares MSCI USA Value Factor ETF (BATS:VLUE) Hits New 52-Week High – Time to Buy?

Shares of iShares MSCI USA Value Factor ETF (BATS:VLUE) reached a new 52-week high on Monday . The stock traded as high as $164.65 and last traded at $164.38, with a volume of 420792 shares trading hands. The stock had previously closed at $162.33.

iShares MSCI USA Value Factor ETF Stock Up 1.8%

The company has a market capitalization of $9.72 billion, a P/E ratio of 13.34 and a beta of 0.97. The business has a 50 day simple moving average of $149.75 and a 200-day simple moving average of $141.68.

Institutional Investors Weigh In On iShares MSCI USA Value Factor ETF

Hedge funds have recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. bought a new stake in iShares MSCI USA Value Factor ETF in the first quarter valued at $25,000. Lloyd Advisory Services LLC. bought a new stake in iShares MSCI USA Value Factor ETF in the fourth quarter valued at $33,000. Smartleaf Asset Management LLC lifted its stake in iShares MSCI USA Value Factor ETF by 69.3% in the second quarter. Smartleaf Asset Management LLC now owns 325 shares of the company’s stock valued at $37,000 after buying an additional 133 shares during the last quarter. SHP Wealth Management bought a new stake in iShares MSCI USA Value Factor ETF in the fourth quarter valued at $46,000. Finally, University of Texas Texas AM Investment Management Co. bought a new stake in shares of iShares MSCI USA Value Factor ETF during the fourth quarter valued at about $50,000.

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.