iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) Reaches New 1-Year High – Here’s Why

iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) reached a new 52-week high during trading on Wednesday . The company traded as high as $44.03 and last traded at $43.97, with a volume of 1037253 shares. The stock had previously closed at $43.67.

iShares MSCI Intl Value Factor ETF Trading Up 0.7%

The company has a 50 day simple moving average of $42.48 and a two-hundred day simple moving average of $41.56. The firm has a market capitalization of $4.50 billion, a P/E ratio of 10.99 and a beta of 0.62.

Hedge Funds Weigh In On iShares MSCI Intl Value Factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Root Financial Partners LLC increased its holdings in iShares MSCI Intl Value Factor ETF by 98.9% in the 1st quarter. Root Financial Partners LLC now owns 893 shares of the company’s stock valued at $35,000 after acquiring an additional 444 shares during the last quarter. Legacy Wealth Managment LLC ID lifted its stake in iShares MSCI Intl Value Factor ETF by 1,024.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 877 shares of the company’s stock worth $35,000 after purchasing an additional 799 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in shares of iShares MSCI Intl Value Factor ETF during the 1st quarter valued at about $38,000. Rothschild Investment LLC boosted its holdings in shares of iShares MSCI Intl Value Factor ETF by 53.2% during the 4th quarter. Rothschild Investment LLC now owns 1,195 shares of the company’s stock valued at $45,000 after purchasing an additional 415 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of iShares MSCI Intl Value Factor ETF by 174.6% during the third quarter. Russell Investments Group Ltd. now owns 1,645 shares of the company’s stock valued at $58,000 after purchasing an additional 1,046 shares in the last quarter.

iShares MSCI Intl Value Factor ETF Company Profile

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.