Sax Wealth Advisors LLC Purchases New Shares in iShares MSCI USA Value Factor ETF $VLUE

Sax Wealth Advisors LLC purchased a new position in shares of iShares MSCI USA Value Factor ETF (BATS:VLUE) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 29,103 shares of the company’s stock, valued at approximately $3,979,000.

Other institutional investors have also added to or reduced their stakes in the company. Salem Investment Counselors Inc. increased its stake in iShares MSCI USA Value Factor ETF by 306.9% in the 3rd quarter. Salem Investment Counselors Inc. now owns 293 shares of the company’s stock valued at $37,000 after buying an additional 221 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of iShares MSCI USA Value Factor ETF by 69.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 325 shares of the company’s stock worth $37,000 after buying an additional 133 shares during the last quarter. Rothschild Investment LLC boosted its stake in shares of iShares MSCI USA Value Factor ETF by 64.0% in the 3rd quarter. Rothschild Investment LLC now owns 410 shares of the company’s stock worth $51,000 after buying an additional 160 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of iShares MSCI USA Value Factor ETF in the third quarter valued at approximately $58,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of iShares MSCI USA Value Factor ETF by 42.7% in the third quarter. EverSource Wealth Advisors LLC now owns 531 shares of the company’s stock valued at $66,000 after acquiring an additional 159 shares in the last quarter.

iShares MSCI USA Value Factor ETF Trading Up 0.4%

Shares of VLUE opened at $145.56 on Thursday. The stock has a 50 day moving average of $147.89 and a 200 day moving average of $136.80. The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of 13.34 and a beta of 0.97. iShares MSCI USA Value Factor ETF has a 12 month low of $91.80 and a 12 month high of $154.31.

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.