Raymond James & Associates Has $20.20 Million Stock Position in iShares MSCI USA Value Factor ETF (BATS:VLUE)

Raymond James & Associates cut its stake in iShares MSCI USA Value Factor ETF (BATS:VLUE) by 27.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 185,291 shares of the company’s stock after selling 70,226 shares during the quarter. Raymond James & Associates’ holdings in iShares MSCI USA Value Factor ETF were worth $20,204,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Arkadios Wealth Advisors lifted its holdings in iShares MSCI USA Value Factor ETF by 1.9% during the 2nd quarter. Arkadios Wealth Advisors now owns 5,436 shares of the company’s stock valued at $562,000 after purchasing an additional 101 shares during the last quarter. Goldstein Advisors LLC raised its stake in shares of iShares MSCI USA Value Factor ETF by 2.7% in the second quarter. Goldstein Advisors LLC now owns 4,412 shares of the company’s stock valued at $456,000 after acquiring an additional 114 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of iShares MSCI USA Value Factor ETF by 22.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 659 shares of the company’s stock worth $67,000 after acquiring an additional 121 shares in the last quarter. Crewe Advisors LLC grew its position in iShares MSCI USA Value Factor ETF by 27.5% during the 2nd quarter. Crewe Advisors LLC now owns 765 shares of the company’s stock worth $79,000 after acquiring an additional 165 shares during the last quarter. Finally, Financial & Tax Architects LLC increased its holdings in iShares MSCI USA Value Factor ETF by 0.7% during the 2nd quarter. Financial & Tax Architects LLC now owns 23,323 shares of the company’s stock valued at $2,413,000 after purchasing an additional 165 shares in the last quarter.

iShares MSCI USA Value Factor ETF Stock Performance

Shares of VLUE opened at $108.47 on Friday. The stock has a fifty day moving average price of $107.72 and a two-hundred day moving average price of $104.97. The company has a market cap of $7.33 billion, a price-to-earnings ratio of 13.26 and a beta of 0.87. iShares MSCI USA Value Factor ETF has a 52-week low of $71.21 and a 52-week high of $89.40.

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.