PMG Wealth Management Inc. Purchases New Position in iShares MSCI Intl Value Factor ETF $IVLU

PMG Wealth Management Inc. acquired a new stake in shares of iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 85,601 shares of the company’s stock, valued at approximately $2,815,000. iShares MSCI Intl Value Factor ETF accounts for 2.3% of PMG Wealth Management Inc.’s investment portfolio, making the stock its 16th largest holding. PMG Wealth Management Inc. owned 0.12% of iShares MSCI Intl Value Factor ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SouthState Corp purchased a new stake in shares of iShares MSCI Intl Value Factor ETF in the first quarter worth approximately $28,000. Capital Investment Advisory Services LLC increased its holdings in iShares MSCI Intl Value Factor ETF by 126.6% during the 1st quarter. Capital Investment Advisory Services LLC now owns 1,296 shares of the company’s stock worth $39,000 after purchasing an additional 724 shares during the period. AE Wealth Management LLC increased its holdings in iShares MSCI Intl Value Factor ETF by 42.5% during the 1st quarter. AE Wealth Management LLC now owns 2,197 shares of the company’s stock worth $67,000 after purchasing an additional 655 shares during the period. Mather Group LLC. increased its holdings in iShares MSCI Intl Value Factor ETF by 145.4% during the 1st quarter. Mather Group LLC. now owns 2,950 shares of the company’s stock worth $89,000 after purchasing an additional 1,748 shares during the period. Finally, AlphaCore Capital LLC purchased a new position in iShares MSCI Intl Value Factor ETF during the 1st quarter worth $155,000.

iShares MSCI Intl Value Factor ETF Stock Up 0.7%

IVLU opened at $35.41 on Friday. The stock’s fifty day moving average is $34.68 and its two-hundred day moving average is $32.63. The company has a market capitalization of $2.54 billion, a P/E ratio of 10.99 and a beta of 0.82. iShares MSCI Intl Value Factor ETF has a 52 week low of $26.41 and a 52 week high of $35.83.

About iShares MSCI Intl Value Factor ETF

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.