State of Michigan Retirement System Sells 31,800 Shares of iShares MSCI USA Value Factor ETF $VLUE

State of Michigan Retirement System reduced its stake in iShares MSCI USA Value Factor ETF (BATS:VLUE) by 5.6% during the third quarter, Holdings Channel.com reports. The fund owned 535,000 shares of the company’s stock after selling 31,800 shares during the period. State of Michigan Retirement System’s holdings in iShares MSCI USA Value Factor ETF were worth $66,902,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new stake in iShares MSCI USA Value Factor ETF during the second quarter valued at $26,000. Smartleaf Asset Management LLC grew its stake in iShares MSCI USA Value Factor ETF by 69.3% during the second quarter. Smartleaf Asset Management LLC now owns 325 shares of the company’s stock worth $37,000 after purchasing an additional 133 shares during the period. Salem Investment Counselors Inc. increased its holdings in iShares MSCI USA Value Factor ETF by 306.9% in the third quarter. Salem Investment Counselors Inc. now owns 293 shares of the company’s stock worth $37,000 after purchasing an additional 221 shares in the last quarter. Root Financial Partners LLC acquired a new position in iShares MSCI USA Value Factor ETF in the third quarter valued at approximately $58,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in iShares MSCI USA Value Factor ETF in the third quarter valued at approximately $74,000.

iShares MSCI USA Value Factor ETF Stock Up 42.3%

iShares MSCI USA Value Factor ETF stock opened at $151.97 on Friday. iShares MSCI USA Value Factor ETF has a 12-month low of $91.80 and a 12-month high of $116.51. The company has a market capitalization of $8.96 billion, a PE ratio of 13.34 and a beta of 0.97. The firm’s fifty day moving average is $141.08 and its 200 day moving average is $129.38.

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.