iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) Reaches New 1-Year High – Time to Buy?

Shares of iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) hit a new 52-week high on Monday . The stock traded as high as $115.65 and last traded at $115.14, with a volume of 825863 shares. The stock had previously closed at $115.42.

iShares MSCI Global Min Vol Factor ETF Price Performance

The company’s 50-day moving average is $113.90 and its 200-day moving average is $109.99. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 16.96 and a beta of 0.47.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in iShares MSCI Global Min Vol Factor ETF in the third quarter valued at approximately $77,000. Lynx Investment Advisory acquired a new stake in shares of iShares MSCI Global Min Vol Factor ETF in the second quarter worth $179,000. Cable Hill Partners LLC purchased a new position in shares of iShares MSCI Global Min Vol Factor ETF in the 3rd quarter valued at $246,000. Vantage Financial Partners LLC lifted its holdings in shares of iShares MSCI Global Min Vol Factor ETF by 24.2% during the 2nd 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. Finally, Magnolia Capital Advisors LLC acquired a new position in shares of iShares MSCI Global Min Vol Factor ETF during the 2nd quarter valued at $1,566,000.

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.