iShares MSCI USA Value Factor ETF (BATS:VLUE) Hits New 12-Month High – Time to Buy?

iShares MSCI USA Value Factor ETF (BATS:VLUE) shares hit a new 52-week high on Monday . The company traded as high as $186.95 and last traded at $185.20, with a volume of 23332 shares. The stock had previously closed at $182.59.

iShares MSCI USA Value Factor ETF Price Performance

The firm’s 50 day moving average is $153.68 and its 200 day moving average is $144.49. The company has a market capitalization of $10.74 billion, a PE ratio of 13.34 and a beta of 0.97.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its position in iShares MSCI USA Value Factor ETF by 1.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 558,535 shares of the company’s stock valued at $79,418,000 after purchasing an additional 8,335 shares during the period. Legacy Wealth Managment LLC ID boosted its holdings in shares of iShares MSCI USA Value Factor ETF by 16,716.7% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 1,009 shares of the company’s stock valued at $143,000 after buying an additional 1,003 shares in the last quarter. Dorsey Wright & Associates bought a new stake in shares of iShares MSCI USA Value Factor ETF during the 1st quarter valued at $8,041,000. Bessemer Group Inc. boosted its holdings in shares of iShares MSCI USA Value Factor ETF by 23.9% during the 1st quarter. Bessemer Group Inc. now owns 2,515 shares of the company’s stock valued at $358,000 after buying an additional 485 shares in the last quarter. Finally, SteelPeak Wealth LLC boosted its holdings in shares of iShares MSCI USA Value Factor ETF by 35.3% during the 1st quarter. SteelPeak Wealth LLC now owns 17,556 shares of the company’s stock valued at $2,496,000 after buying an additional 4,585 shares in 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. VLUE was launched on Apr 16, 2013 and is managed by BlackRock.