Legacy Capital Group California Inc. purchased a new position in shares of iShares MSCI USA Value Factor ETF (BATS:VLUE – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,759 shares of the company’s stock, valued at approximately $392,000.
Several other institutional investors and hedge funds have also modified their holdings of VLUE. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares MSCI USA Value Factor ETF by 2.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 22,746,544 shares of the company’s stock worth $3,110,135,000 after purchasing an additional 586,241 shares in the last quarter. Bank of America Corp DE grew its holdings in iShares MSCI USA Value Factor ETF by 1.0% during the third quarter. Bank of America Corp DE now owns 1,768,935 shares of the company’s stock valued at $221,205,000 after purchasing an additional 17,069 shares during the period. Caisse de depot et placement du Quebec purchased a new stake in iShares MSCI USA Value Factor ETF in the third quarter worth about $187,061,000. Morgan Stanley raised its stake in shares of iShares MSCI USA Value Factor ETF by 13.2% in the fourth quarter. Morgan Stanley now owns 840,473 shares of the company’s stock worth $114,918,000 after buying an additional 98,160 shares during the period. Finally, LPL Financial LLC raised its stake in shares of iShares MSCI USA Value Factor ETF by 2.2% in the fourth quarter. LPL Financial LLC now owns 538,171 shares of the company’s stock worth $73,584,000 after buying an additional 11,704 shares during the period.
iShares MSCI USA Value Factor ETF Stock Up 0.8%
VLUE stock opened at $195.30 on Wednesday. The business’s 50-day moving average price is $192.98 and its 200-day moving average price is $164.14. The stock has a market cap of $11.51 billion, a P/E ratio of 13.34 and a beta of 0.97. iShares MSCI USA Value Factor ETF has a twelve month low of $110.53 and a twelve month high of $206.57.
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.
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