17,481 Shares in iShares MSCI USA Value Factor ETF $VLUE Bought by Synergy Asset Management LLC

Synergy Asset Management LLC bought a new position in iShares MSCI USA Value Factor ETF (BATS:VLUE) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 17,481 shares of the company’s stock, valued at approximately $2,390,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Kathmere Capital Management LLC grew its position in shares of iShares MSCI USA Value Factor ETF by 1.1% during the fourth quarter. Kathmere Capital Management LLC now owns 464,178 shares of the company’s stock worth $63,467,000 after acquiring an additional 4,952 shares during the last quarter. Sax Wealth Advisors LLC bought a new stake in iShares MSCI USA Value Factor ETF in the 4th quarter valued at about $3,979,000. Optivise Advisory Services LLC lifted its position in iShares MSCI USA Value Factor ETF by 187.8% in the 4th quarter. Optivise Advisory Services LLC now owns 16,268 shares of the company’s stock valued at $2,224,000 after purchasing an additional 10,616 shares during the last quarter. Foster Group Inc. boosted its stake in iShares MSCI USA Value Factor ETF by 0.5% during the 4th quarter. Foster Group Inc. now owns 136,997 shares of the company’s stock valued at $18,732,000 after purchasing an additional 747 shares during the period. Finally, Breakwater Capital Group grew its position in iShares MSCI USA Value Factor ETF by 79.6% in the 4th quarter. Breakwater Capital Group now owns 4,586 shares of the company’s stock worth $627,000 after purchasing an additional 2,033 shares during the last quarter.

iShares MSCI USA Value Factor ETF Trading Down 1.8%

Shares of BATS:VLUE opened at $142.90 on Friday. The firm’s 50 day moving average is $147.86 and its two-hundred day moving average is $136.85. The firm has a market capitalization of $8.42 billion, a P/E ratio of 13.34 and a beta of 0.97. iShares MSCI USA Value Factor ETF has a 52 week low of $91.80 and a 52 week high of $154.31.

iShares MSCI USA Value Factor ETF 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.