Summit Wealth Group LLC Decreases Stake in iShares MSCI USA Value Factor ETF (BATS:VLUE)

Summit Wealth Group LLC reduced its stake in shares of iShares MSCI USA Value Factor ETF (BATS:VLUE) by 49.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,480 shares of the company’s stock after selling 43,661 shares during the quarter. iShares MSCI USA Value Factor ETF accounts for approximately 1.4% of Summit Wealth Group LLC’s portfolio, making the stock its 21st largest holding. Summit Wealth Group LLC owned 0.07% of iShares MSCI USA Value Factor ETF worth $4,959,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of VLUE. Russell Investments Group Ltd. boosted its holdings in shares of iShares MSCI USA Value Factor ETF by 464.0% during the first quarter. Russell Investments Group Ltd. now owns 784 shares of the company’s stock worth $85,000 after purchasing an additional 645 shares during the last quarter. Bessemer Group Inc. boosted its stake in iShares MSCI USA Value Factor ETF by 85.4% in the 1st quarter. Bessemer Group Inc. now owns 1,828 shares of the company’s stock worth $197,000 after buying an additional 842 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in iShares MSCI USA Value Factor ETF in the 1st quarter worth about $1,014,000. B. Riley Wealth Advisors Inc. grew its holdings in iShares MSCI USA Value Factor ETF by 4.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 14,791 shares of the company’s stock valued at $1,602,000 after buying an additional 600 shares during the period. Finally, Atria Investments Inc acquired a new position in shares of iShares MSCI USA Value Factor ETF during the 1st quarter valued at about $1,042,000.

iShares MSCI USA Value Factor ETF Stock Performance

VLUE opened at $111.64 on Tuesday. iShares MSCI USA Value Factor ETF has a 1 year low of $71.21 and a 1 year high of $89.40. The company’s 50 day simple moving average is $109.06 and its 200 day simple moving average is $105.87. The stock has a market capitalization of $7.54 billion, a PE ratio of 13.26 and a beta of 0.87.

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.