Montecito Bank & Trust Makes New $487,000 Investment in iShares MSCI USA Value Factor ETF $VLUE

Montecito Bank & Trust bought a new stake in iShares MSCI USA Value Factor ETF (BATS:VLUE) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 3,892 shares of the company’s stock, valued at approximately $487,000.

Other hedge funds have also recently made changes to their positions in the company. Arete Wealth Advisors LLC increased its stake in shares of iShares MSCI USA Value Factor ETF by 2.3% in the first quarter. Arete Wealth Advisors LLC now owns 4,358 shares of the company’s stock valued at $465,000 after buying an additional 100 shares during the period. First Citizens Financial Corp grew its holdings in iShares MSCI USA Value Factor ETF by 2.8% during the 2nd quarter. First Citizens Financial Corp now owns 3,844 shares of the company’s stock worth $435,000 after acquiring an additional 103 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in iShares MSCI USA Value Factor ETF by 69.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 325 shares of the company’s stock worth $37,000 after acquiring an additional 133 shares during the last quarter. Alpha Omega Wealth Management LLC increased its position in iShares MSCI USA Value Factor ETF by 6.2% in the 2nd quarter. Alpha Omega Wealth Management LLC now owns 2,336 shares of the company’s stock valued at $264,000 after acquiring an additional 137 shares during the period. Finally, Bell Investment Advisors Inc raised its stake in shares of iShares MSCI USA Value Factor ETF by 4.0% during the first quarter. Bell Investment Advisors Inc now owns 3,621 shares of the company’s stock valued at $386,000 after acquiring an additional 139 shares during the last quarter.

iShares MSCI USA Value Factor ETF Stock Performance

Shares of BATS:VLUE opened at $136.56 on Friday. iShares MSCI USA Value Factor ETF has a 52 week low of $91.80 and a 52 week high of $116.51. The firm has a market cap of $8.05 billion, a PE ratio of 13.34 and a beta of 0.97. The firm’s fifty day moving average is $131.07 and its 200-day moving average is $121.79.

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.