Envestnet Asset Management Inc. Reduces Position in iShares MSCI USA Value Factor ETF $VLUE

Envestnet Asset Management Inc. lessened its holdings in shares of iShares MSCI USA Value Factor ETF (BATS:VLUE) by 5.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,397,313 shares of the company’s stock after selling 86,707 shares during the period. Envestnet Asset Management Inc. owned 2.37% of iShares MSCI USA Value Factor ETF worth $158,190,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Interchange Capital Partners LLC grew its stake in iShares MSCI USA Value Factor ETF by 0.7% during the 2nd quarter. Interchange Capital Partners LLC now owns 38,647 shares of the company’s stock valued at $4,375,000 after acquiring an additional 258 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its stake in iShares MSCI USA Value Factor ETF by 116.1% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 56,327 shares of the company’s stock valued at $6,377,000 after acquiring an additional 30,264 shares in the last quarter. Brookstone Capital Management grew its stake in iShares MSCI USA Value Factor ETF by 52.3% during the 2nd quarter. Brookstone Capital Management now owns 4,559 shares of the company’s stock valued at $516,000 after acquiring an additional 1,566 shares in the last quarter. Avidian Wealth Enterprises LLC grew its stake in iShares MSCI USA Value Factor ETF by 3.4% during the 2nd quarter. Avidian Wealth Enterprises LLC now owns 190,257 shares of the company’s stock valued at $21,539,000 after acquiring an additional 6,181 shares in the last quarter. Finally, WealthPlan Investment Management LLC purchased a new stake in iShares MSCI USA Value Factor ETF during the 2nd quarter valued at about $221,000.

iShares MSCI USA Value Factor ETF Trading Up 22.5%

Shares of BATS VLUE opened at $130.81 on Wednesday. iShares MSCI USA Value Factor ETF has a 12-month low of $91.80 and a 12-month high of $116.51. The stock has a market cap of $7.71 billion, a PE ratio of 13.34 and a beta of 0.97. The company has a 50-day moving average of $123.44 and a 200 day moving average of $114.45.

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.