iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) Hits New 1-Year High – Here’s What Happened

Shares of iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $37.76 and last traded at $37.7760, with a volume of 19216 shares traded. The stock had previously closed at $37.54.

iShares MSCI Intl Value Factor ETF Trading Up 0.4%

The company has a market cap of $2.88 billion, a price-to-earnings ratio of 10.99 and a beta of 0.71. The stock has a 50-day simple moving average of $36.23 and a 200-day simple moving average of $34.71.

Hedge Funds Weigh In On iShares MSCI Intl Value Factor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IVLU. CIBC Private Wealth Group LLC lifted its stake in shares of iShares MSCI Intl Value Factor ETF by 176.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 5,777 shares of the company’s stock worth $205,000 after acquiring an additional 3,685 shares during the period. CIBC Bancorp USA Inc. bought a new stake in iShares MSCI Intl Value Factor ETF during the third quarter worth approximately $205,000. Bell Investment Advisors Inc lifted its position in iShares MSCI Intl Value Factor ETF by 8.8% in the third quarter. Bell Investment Advisors Inc now owns 69,227 shares of the company’s stock worth $2,456,000 after purchasing an additional 5,593 shares during the period. Victory Financial Group LLC acquired a new stake in iShares MSCI Intl Value Factor ETF in the third quarter worth approximately $20,403,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in iShares MSCI Intl Value Factor ETF by 4.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 16,052,538 shares of the company’s stock valued at $569,544,000 after purchasing an additional 733,152 shares in the last quarter.

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.