Summit Wealth Group LLC Sells 7,317 Shares of iShares MSCI USA Value Factor ETF $VLUE

Summit Wealth Group LLC cut its holdings in shares of iShares MSCI USA Value Factor ETF (BATS:VLUE) by 48.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,936 shares of the company’s stock after selling 7,317 shares during the period. Summit Wealth Group LLC’s holdings in iShares MSCI USA Value Factor ETF were worth $992,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Ameritas Advisory Services LLC bought a new position in iShares MSCI USA Value Factor ETF during the 2nd quarter valued at about $26,000. Salem Investment Counselors Inc. raised its holdings in shares of iShares MSCI USA Value Factor ETF by 306.9% during the third quarter. Salem Investment Counselors Inc. now owns 293 shares of the company’s stock valued at $37,000 after purchasing an additional 221 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in iShares MSCI USA Value Factor ETF by 69.3% during the second quarter. Smartleaf Asset Management LLC now owns 325 shares of the company’s stock valued at $37,000 after purchasing an additional 133 shares during the period. Steigerwald Gordon & Koch Inc. bought a new position in iShares MSCI USA Value Factor ETF during the third quarter valued at approximately $74,000. Finally, Berkshire Money Management Inc. purchased a new stake in iShares MSCI USA Value Factor ETF in the second quarter worth approximately $87,000.

iShares MSCI USA Value Factor ETF Trading Up 33.3%

BATS:VLUE opened at $142.42 on Friday. The company has a market cap of $8.40 billion, a PE ratio of 13.34 and a beta of 0.97. The company has a 50 day simple moving average of $134.21 and a two-hundred day simple moving average of $124.67. iShares MSCI USA Value Factor ETF has a 12 month low of $91.80 and a 12 month high of $116.51.

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.