iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Reaches New 12-Month High – Should You Buy?

iShares MSCI USA Min Vol Factor ETF (BATS:USMV) reached a new 52-week high during trading on Wednesday . The stock traded as high as $89.53 and last traded at $90.68, 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’s 50-day simple moving average is $90.99 and its 200 day simple moving average is $90.08. The company has a market capitalization of $26.65 billion, a PE ratio of 25.30 and a beta of 0.59.

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

Large investors have recently bought and sold shares of the business. Carrera Capital Advisors acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth about $33,148,000. LPL Financial LLC boosted its holdings in 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 purchasing an additional 346,414 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter worth approximately $18,422,000. Bank of Montreal Can raised its holdings in iShares MSCI USA Min Vol Factor ETF by 572.4% during the second quarter. Bank of Montreal Can now owns 250,380 shares of the company’s stock worth $21,142,000 after purchasing an additional 213,145 shares in the last quarter. Finally, Magnolia Capital Advisors LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 867.8% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 219,897 shares of the company’s stock worth $18,463,000 after buying an additional 197,175 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.