iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) Hits New 12-Month High – Still a Buy?

Shares of iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $42.00 and last traded at $42.0150, with a volume of 406 shares trading hands. The stock had previously closed at $41.89.

iShares MSCI Intl Value Factor ETF Price Performance

The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 10.99 and a beta of 0.71. The business has a 50-day moving average of $38.91 and a 200-day moving average of $36.62.

Institutional Investors Weigh In On iShares MSCI Intl Value Factor ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in iShares MSCI Intl Value Factor ETF by 4.8% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 16,052,538 shares of the company’s stock worth $569,544,000 after buying an additional 733,152 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of iShares MSCI Intl Value Factor ETF by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,736,666 shares of the company’s stock valued at $168,057,000 after acquiring an additional 58,090 shares during the period. Savvy Advisors Inc. increased its stake in shares of iShares MSCI Intl Value Factor ETF by 74.3% during the 4th quarter. Savvy Advisors Inc. now owns 1,448,020 shares of the company’s stock worth $55,097,000 after purchasing an additional 617,396 shares during the last quarter. Bank of America Corp DE increased its stake in shares of iShares MSCI Intl Value Factor ETF by 19.3% during the 3rd quarter. Bank of America Corp DE now owns 1,092,701 shares of the company’s stock worth $38,769,000 after purchasing an additional 176,973 shares during the last quarter. Finally, Focus Partners Wealth raised its holdings in shares of iShares MSCI Intl Value Factor ETF by 2.7% in the 3rd quarter. Focus Partners Wealth now owns 1,043,659 shares of the company’s stock valued at $37,030,000 after purchasing an additional 27,151 shares during the period.

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.