MGB Wealth Management LLC Invests $30,000 in iShares MSCI USA Value Factor ETF (BATS:VLUE)

MGB Wealth Management LLC acquired a new position in shares of iShares MSCI USA Value Factor ETF (BATS:VLUE) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 275 shares of the company’s stock, valued at approximately $30,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rothschild Investment LLC acquired a new position in shares of iShares MSCI USA Value Factor ETF during the second quarter worth about $26,000. Studio Investment Management LLC acquired a new position in iShares MSCI USA Value Factor ETF in the third quarter valued at approximately $28,000. Armstrong Advisory Group Inc. acquired a new position in iShares MSCI USA Value Factor ETF in the third quarter valued at approximately $30,000. Northwest Investment Counselors LLC acquired a new position in iShares MSCI USA Value Factor ETF in the third quarter valued at approximately $46,000. Finally, GPS Wealth Strategies Group LLC acquired a new position in iShares MSCI USA Value Factor ETF in the second quarter valued at approximately $47,000.

iShares MSCI USA Value Factor ETF Stock Up 1.1 %

Shares of VLUE opened at $114.13 on Friday. The stock has a 50 day moving average price of $109.79 and a 200 day moving average price of $106.18. The company has a market capitalization of $7.71 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.