Gunma Bank Ltd. reduced its position in shares of iShares MSCI USA Value Factor ETF (BATS:VLUE – Free Report) by 16.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,000 shares of the company’s stock after selling 13,000 shares during the period. iShares MSCI USA Value Factor ETF accounts for about 2.3% of Gunma Bank Ltd.’s portfolio, making the stock its 19th largest holding. Gunma Bank Ltd.’s holdings in iShares MSCI USA Value Factor ETF were worth $6,865,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Studio Investment Management LLC acquired a new position in shares of iShares MSCI USA Value Factor ETF in the third quarter valued at approximately $28,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of iShares MSCI USA Value Factor ETF during the third quarter worth $29,000. Armstrong Advisory Group Inc. acquired a new stake in shares of iShares MSCI USA Value Factor ETF in the third quarter valued at $30,000. MGB Wealth Management LLC purchased a new position in iShares MSCI USA Value Factor ETF in the third quarter valued at $30,000. Finally, Northwest Investment Counselors LLC acquired a new position in iShares MSCI USA Value Factor ETF during the 3rd quarter worth $46,000.
iShares MSCI USA Value Factor ETF Trading Up 2.4 %
Shares of VLUE opened at $109.43 on Monday. The firm’s fifty day simple moving average is $108.71 and its 200-day simple moving average is $108.23. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 13.26 and a beta of 0.87. iShares MSCI USA Value Factor ETF has a twelve month low of $71.21 and a twelve month 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.
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