Royal Bank of Canada Increases Stake in iShares MSCI USA Value Factor ETF $VLUE

Royal Bank of Canada increased its position in iShares MSCI USA Value Factor ETF (BATS:VLUE) by 75.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 305,941 shares of the company’s stock after buying an additional 131,527 shares during the period. Royal Bank of Canada’s holdings in iShares MSCI USA Value Factor ETF were worth $43,502,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC raised its stake in iShares MSCI USA Value Factor ETF by 14.0% during the 1st quarter. Sound Income Strategies LLC now owns 554 shares of the company’s stock worth $80,000 after buying an additional 68 shares during the period. Diversified Enterprises LLC grew its stake in iShares MSCI USA Value Factor ETF by 2.4% in the fourth quarter. Diversified Enterprises LLC now owns 3,236 shares of the company’s stock valued at $442,000 after acquiring an additional 75 shares during the period. Financial Engines Advisors L.L.C. increased its holdings in shares of iShares MSCI USA Value Factor ETF by 2.6% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 3,383 shares of the company’s stock valued at $463,000 after acquiring an additional 86 shares in the last quarter. Stokes Family Office LLC increased its holdings in shares of iShares MSCI USA Value Factor ETF by 2.8% during the fourth quarter. Stokes Family Office LLC now owns 3,780 shares of the company’s stock valued at $517,000 after acquiring an additional 103 shares in the last quarter. Finally, Comerica Bank raised its position in shares of iShares MSCI USA Value Factor ETF by 0.8% during the third quarter. Comerica Bank now owns 12,753 shares of the company’s stock worth $1,595,000 after purchasing an additional 104 shares during the period.

iShares MSCI USA Value Factor ETF Price Performance

Shares of BATS:VLUE opened at $191.14 on Monday. iShares MSCI USA Value Factor ETF has a twelve month low of $110.53 and a twelve month high of $206.57. The stock’s 50 day moving average is $195.79 and its 200-day moving average is $168.93. The firm has a market capitalization of $11.27 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.