iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Reaches New 1-Year High – Still a Buy?

iShares MSCI USA Min Vol Factor ETF (BATS:USMVGet Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $89.53 and last traded at $94.97, with a volume of 2063105 shares traded. The stock had previously closed at $88.64.

iShares MSCI USA Min Vol Factor ETF Stock Performance

The stock’s 50 day moving average price is $91.37 and its 200 day moving average price is $91.47. The company has a market capitalization of $23.82 billion, a P/E ratio of 24.43 and a beta of 0.79.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. QRG Capital Management Inc. increased its holdings in iShares MSCI USA Min Vol Factor ETF by 15.6% in the third quarter. QRG Capital Management Inc. now owns 5,494 shares of the company’s stock worth $502,000 after purchasing an additional 742 shares in the last quarter. Alterna Wealth Management Inc. grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 40.4% during the 3rd quarter. Alterna Wealth Management Inc. now owns 8,003 shares of the company’s stock worth $731,000 after buying an additional 2,303 shares during the period. Clarity Capital Partners LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at $214,000. James J. Burns & Company LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at $228,000. Finally, United Advisor Group LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth approximately $645,000.

iShares MSCI USA Min Vol Factor ETF Company Profile

(Get Free Report)

The iShares MSCI USA Min Vol Factor ETF (USMV) is an exchange-traded fund that is based on the MSCI USA Minimum Volatility (USD) index. The fund tracks an index of US-listed firms selected and weighted to create a low-volatility portfolio subject to various constraints. USMV was launched on Oct 18, 2011 and is managed by BlackRock.

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