Drive Wealth Management LLC Cuts Stock Position in iShares MSCI Intl Value Factor ETF $IVLU

Drive Wealth Management LLC cut its holdings in shares of iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,350 shares of the company’s stock after selling 541 shares during the period. Drive Wealth Management LLC’s holdings in iShares MSCI Intl Value Factor ETF were worth $571,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of IVLU. Northwestern Mutual Wealth Management Co. increased its stake in iShares MSCI Intl Value Factor ETF by 3.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 15,430,525 shares of the company’s stock worth $467,699,000 after purchasing an additional 503,393 shares during the period. Heck Capital Advisors LLC increased its stake in shares of iShares MSCI Intl Value Factor ETF by 2,961.7% during the second quarter. Heck Capital Advisors LLC now owns 352,895 shares of the company’s stock worth $11,607,000 after buying an additional 341,369 shares during the period. Focus Partners Wealth increased its stake in shares of iShares MSCI Intl Value Factor ETF by 41.7% during the first quarter. Focus Partners Wealth now owns 1,091,571 shares of the company’s stock worth $33,086,000 after buying an additional 321,158 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of iShares MSCI Intl Value Factor ETF during the second quarter worth approximately $10,013,000. Finally, Per Stirling Capital Management LLC. purchased a new stake in shares of iShares MSCI Intl Value Factor ETF during the first quarter worth approximately $9,037,000.

iShares MSCI Intl Value Factor ETF Stock Performance

IVLU stock opened at $35.60 on Monday. The company’s 50 day moving average price is $35.28 and its 200 day moving average price is $33.13. iShares MSCI Intl Value Factor ETF has a fifty-two week low of $26.41 and a fifty-two week high of $36.03. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 10.99 and a beta of 0.82.

About iShares MSCI Intl Value Factor ETF

The iShares Edge MSCI Intl Value Factor ETF (IVLU) is an exchange-traded fund that is based on the MSCI World ex USA Enhanced Value index. The fund tracks an index of large- and mid-cap developed ex-US equities, selected using fundamental metrics, and weighted by these metrics and market-cap. IVLU was launched on Jun 16, 2015 and is managed by BlackRock.