iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) Reaches New 1-Year High – Here’s What Happened

iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $115.00 and last traded at $114.38, with a volume of 146827 shares trading hands. The stock had previously closed at $115.32.

iShares MSCI Global Min Vol Factor ETF Price Performance

The firm has a market capitalization of $4.60 billion, a P/E ratio of 16.96 and a beta of 0.47. The stock’s fifty day simple moving average is $113.49 and its 200 day simple moving average is $107.99.

Institutional Investors Weigh In On iShares MSCI Global Min Vol Factor ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Summit Financial LLC increased its position in shares of iShares MSCI Global Min Vol Factor ETF by 0.9% during the second quarter. Summit Financial LLC now owns 25,468 shares of the company’s stock worth $2,665,000 after purchasing an additional 232 shares in the last quarter. BNP Paribas Financial Markets raised its stake in iShares MSCI Global Min Vol Factor ETF by 6.3% in the first quarter. BNP Paribas Financial Markets now owns 7,125 shares of the company’s stock valued at $750,000 after buying an additional 425 shares during the last quarter. Lynx Investment Advisory acquired a new stake in iShares MSCI Global Min Vol Factor ETF in the second quarter worth about $179,000. Bessemer Group Inc. grew its stake in shares of iShares MSCI Global Min Vol Factor ETF by 1.3% during the first quarter. Bessemer Group Inc. now owns 166,436 shares of the company’s stock worth $17,520,000 after acquiring an additional 2,056 shares during the last quarter. Finally, Vantage Financial Partners LLC increased its holdings in shares of iShares MSCI Global Min Vol Factor ETF by 24.2% during the second quarter. Vantage Financial Partners LLC now owns 11,814 shares of the company’s stock valued at $1,236,000 after acquiring an additional 2,301 shares in the last quarter.

About iShares MSCI Global Min Vol Factor ETF

The iShares MSCI Global Min Vol Factor ETF (ACWV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap global stocks selected and weighted to create a low volatility portfolio. ACWV was launched on Oct 18, 2011 and is managed by BlackRock.