iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Hits New 1-Year High – Should You Buy?

iShares MSCI USA Min Vol Factor ETF (BATS:USMV)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $89.53 and last traded at $92.86, with a volume of 2063105 shares traded. The stock had previously closed at $88.64.

iShares MSCI USA Min Vol Factor ETF Stock Up 5.7 %

The firm has a market capitalization of $27.46 billion, a PE ratio of 25.30 and a beta of 0.59. The company has a 50-day moving average of $90.74 and a 200 day moving average of $91.01.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $1,176,338,000. PNC Financial Services Group Inc. increased its position in iShares MSCI USA Min Vol Factor ETF by 0.9% during 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 purchasing an additional 91,948 shares during the period. LPL Financial LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 6.1% in the 4th quarter. LPL Financial LLC now owns 5,685,914 shares of the company’s stock worth $504,852,000 after purchasing an additional 328,291 shares in the last quarter. Millburn Ridgefield Corp lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 5.2% in the 4th quarter. Millburn Ridgefield Corp now owns 3,651,407 shares of the company’s stock worth $324,208,000 after purchasing an additional 180,849 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,225,739 shares of the company’s stock valued at $294,542,000 after purchasing an additional 21,739 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Company Profile

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.