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

iShares MSCI USA Min Vol Factor ETF (BATS:USMV)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $89.53 and last traded at $91.91, with a volume of 2063105 shares traded. The stock had previously closed at $88.64.

iShares MSCI USA Min Vol Factor ETF Trading Up 4.2 %

The firm’s 50-day moving average is $92.03 and its 200 day moving average is $91.63. The firm has a market capitalization of $24.11 billion, a price-to-earnings ratio of 24.03 and a beta of 0.77.

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

Several hedge funds have recently added to or reduced their stakes in the business. Howe & Rusling Inc. lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 94.2% in the 4th quarter. Howe & Rusling Inc. now owns 301 shares of the company’s stock worth $27,000 after purchasing an additional 146 shares during the period. VSM Wealth Advisory LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $27,000. Chapman Financial Group LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $28,000. Stonebridge Financial Group LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $28,000. Finally, AlphaMark Advisors LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $30,000.

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.