Summit Wealth Group LLC Sells 43,661 Shares of iShares MSCI USA Value Factor ETF (BATS:VLUE)

Summit Wealth Group LLC lowered its stake in shares of iShares MSCI USA Value Factor ETF (BATS:VLUE) by 49.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 45,480 shares of the company’s stock after selling 43,661 shares during the period. iShares MSCI USA Value Factor ETF comprises about 1.4% of Summit Wealth Group LLC’s holdings, making the stock its 21st largest position. Summit Wealth Group LLC’s holdings in iShares MSCI USA Value Factor ETF were worth $4,959,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in VLUE. Rothschild Investment LLC bought a new stake in iShares MSCI USA Value Factor ETF in the 2nd quarter worth approximately $26,000. Armstrong Advisory Group Inc. purchased a new stake in shares of iShares MSCI USA Value Factor ETF in the third quarter worth $30,000. Strategic Financial Concepts LLC purchased a new stake in shares of iShares MSCI USA Value Factor ETF in the second quarter worth $44,000. Northwest Investment Counselors LLC purchased a new position in shares of iShares MSCI USA Value Factor ETF in the third quarter valued at about $46,000. Finally, GPS Wealth Strategies Group LLC bought a new stake in shares of iShares MSCI USA Value Factor ETF during the second quarter valued at approximately $47,000.

iShares MSCI USA Value Factor ETF Stock Up 0.6 %

Shares of VLUE stock opened at $111.64 on Tuesday. The company’s fifty day simple moving average is $109.06 and its two-hundred day simple moving average is $105.87. iShares MSCI USA Value Factor ETF has a 52 week low of $71.21 and a 52 week high of $89.40. The stock has a market cap of $7.54 billion, a P/E 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.