Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $89.53 and last traded at $91.91, with a volume of 2063105 shares trading hands. The stock had previously closed at $88.64.
iShares MSCI USA Min Vol Factor ETF Trading Up 4.1 %
The firm has a market cap of $24.09 billion, a P/E ratio of 24.03 and a beta of 0.77. The firm has a 50-day simple moving average of $91.87 and a 200-day simple moving average of $91.61.
Institutional Trading of iShares MSCI USA Min Vol Factor ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at $1,176,338,000. PNC Financial Services Group Inc. raised its stake in iShares MSCI USA Min Vol Factor ETF by 0.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,905,008 shares of the company’s stock worth $904,426,000 after acquiring an additional 91,948 shares during the last quarter. LPL Financial LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 6.1% during 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 during the period. Millburn Ridgefield Corp grew its position in iShares MSCI USA Min Vol Factor ETF by 5.2% during 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 grew its position in 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 worth $294,542,000 after purchasing an additional 21,739 shares during the period.
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.
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