iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Reaches New 12-Month High – Here’s What Happened

Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) reached a new 52-week high during trading on Monday . The company traded as high as $93.94 and last traded at $93.36, with a volume of 1678034 shares traded. The stock had previously closed at $93.47.

iShares MSCI USA Min Vol Factor ETF Stock Down 0.1 %

The stock has a market capitalization of $27.35 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The company’s fifty day simple moving average is $91.26 and its 200 day simple moving average is $87.07.

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

A number of institutional investors have recently made changes to their positions in the company. Raymond James & Associates lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 0.9% during the 2nd quarter. Raymond James & Associates now owns 16,095,735 shares of the company’s stock worth $1,351,398,000 after purchasing an additional 146,632 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% during the third quarter. PNC Financial Services Group Inc. now owns 9,905,008 shares of the company’s stock worth $904,426,000 after purchasing an additional 91,948 shares during the period. LPL Financial LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% in the third quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock valued at $489,205,000 after buying an additional 346,414 shares in the last quarter. Catalyst Capital Advisors LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 5.2% in the second quarter. Catalyst Capital Advisors LLC now owns 3,658,707 shares of the company’s stock valued at $307,185,000 after buying an additional 182,050 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 1.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,202,043 shares of the company’s stock worth $268,843,000 after buying an additional 31,625 shares in 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.