Synergy Asset Management LLC Takes $2.39 Million Position in iShares MSCI USA Value Factor ETF $VLUE

Synergy Asset Management LLC purchased a new stake in shares of iShares MSCI USA Value Factor ETF (BATS:VLUE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,481 shares of the company’s stock, valued at approximately $2,390,000.

A number of other hedge funds have also recently added to or reduced their stakes in VLUE. Rhumbline Advisers increased its stake in iShares MSCI USA Value Factor ETF by 122.1% during the third quarter. Rhumbline Advisers now owns 11,989 shares of the company’s stock valued at $1,499,000 after purchasing an additional 6,591 shares during the last quarter. CPR Investments Inc. bought a new position in shares of iShares MSCI USA Value Factor ETF in the 3rd quarter worth about $519,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares MSCI USA Value Factor ETF by 4.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 21,582,330 shares of the company’s stock valued at $2,443,336,000 after buying an additional 904,701 shares during the period. CreativeOne Wealth LLC boosted its holdings in shares of iShares MSCI USA Value Factor ETF by 5.3% in the 2nd quarter. CreativeOne Wealth LLC now owns 10,832 shares of the company’s stock valued at $1,226,000 after buying an additional 541 shares during the period. Finally, CWM LLC grew its position in shares of iShares MSCI USA Value Factor ETF by 23.1% during the 3rd quarter. CWM LLC now owns 237,952 shares of the company’s stock valued at $29,756,000 after buying an additional 44,653 shares during the last quarter.

iShares MSCI USA Value Factor ETF Stock Down 1.8%

VLUE opened at $142.90 on Friday. The company’s 50-day moving average price is $147.86 and its 200 day moving average price is $136.85. iShares MSCI USA Value Factor ETF has a fifty-two week low of $91.80 and a fifty-two week high of $154.31. The firm has a market cap of $8.42 billion, a price-to-earnings ratio of 13.34 and a beta of 0.97.

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