iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Hits New 52-Week High – Here’s What Happened

iShares MSCI USA Min Vol Factor ETF (BATS:USMV) hit a new 52-week high on Monday . The company traded as high as $89.53 and last traded at $91.43, with a volume of 2063105 shares. The stock had previously closed at $88.64.

iShares MSCI USA Min Vol Factor ETF Stock Performance

The stock has a market cap of $27.07 billion, a P/E ratio of 25.30 and a beta of 0.59. The stock has a fifty day simple moving average of $90.90 and a 200-day simple moving average of $90.46.

Hedge Funds Weigh In On iShares MSCI USA Min Vol Factor ETF

Hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,905,008 shares of the company’s stock valued at $904,426,000 after acquiring an additional 91,948 shares in the last quarter. LPL Financial LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 6.9% in the 3rd quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock valued at $489,205,000 after acquiring an additional 346,414 shares during the period. Millburn Ridgefield Corp lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 5.2% during the 4th quarter. Millburn Ridgefield Corp now owns 3,651,407 shares of the company’s stock valued at $324,208,000 after purchasing an additional 180,849 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,225,739 shares of the company’s stock worth $294,542,000 after purchasing an additional 21,739 shares during the period. Finally, Cerity Partners LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% in the third quarter. Cerity Partners LLC now owns 2,134,175 shares of the company’s stock valued at $194,871,000 after purchasing an additional 17,264 shares during the last quarter.

About iShares MSCI USA Min Vol Factor ETF

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.