iShares MSCI USA Value Factor ETF $VLUE Shares Sold by Foster Group Inc.

Foster Group Inc. reduced its stake in shares of iShares MSCI USA Value Factor ETF (BATS:VLUE) by 63.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 44,636 shares of the company’s stock after selling 77,170 shares during the period. Foster Group Inc.’s holdings in iShares MSCI USA Value Factor ETF were worth $8,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE increased its position in iShares MSCI USA Value Factor ETF by 0.3% in the 1st quarter. Bank of America Corp DE now owns 1,612,286 shares of the company’s stock valued at $229,251,000 after acquiring an additional 5,584 shares during the period. PNC Financial Services Group Inc. boosted its stake in iShares MSCI USA Value Factor ETF by 1.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 558,535 shares of the company’s stock valued at $79,418,000 after purchasing an additional 8,335 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in iShares MSCI USA Value Factor ETF by 31.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 447,061 shares of the company’s stock valued at $63,568,000 after purchasing an additional 107,102 shares in the last quarter. Focus Partners Wealth increased its position in shares of iShares MSCI USA Value Factor ETF by 16.1% during the 4th quarter. Focus Partners Wealth now owns 328,961 shares of the company’s stock valued at $44,979,000 after purchasing an additional 45,632 shares during the period. Finally, Royal Bank of Canada increased its position in shares of iShares MSCI USA Value Factor ETF by 75.4% during the 1st quarter. Royal Bank of Canada now owns 305,941 shares of the company’s stock valued at $43,502,000 after purchasing an additional 131,527 shares during the period.

iShares MSCI USA Value Factor ETF Stock Down 0.7%

BATS:VLUE opened at $196.51 on Wednesday. The business’s 50-day moving average price is $200.67 and its 200 day moving average price is $188.25. iShares MSCI USA Value Factor ETF has a 52-week low of $122.66 and a 52-week high of $206.57. The firm has a market cap of $11.58 billion, a P/E ratio of 13.34 and a beta of 0.97.

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. VLUE was launched on Apr 16, 2013 and is managed by BlackRock.