iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) Hits New 12-Month High – Should You Buy?

Shares of iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) hit a new 52-week high during trading on Wednesday . The stock traded as high as $125.47 and last traded at $125.22, with a volume of 43605 shares changing hands. The stock had previously closed at $124.65.

iShares MSCI Global Min Vol Factor ETF Stock Up 0.7%

The company has a market capitalization of $3.54 billion, a P/E ratio of 18.66 and a beta of 0.57. The business’s 50-day moving average is $121.41 and its two-hundred day moving average is $121.21.

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

Several hedge funds have recently modified their holdings of ACWV. Vantage Financial Partners LLC boosted its stake in shares of iShares MSCI Global Min Vol Factor ETF by 0.8% in the 4th quarter. Vantage Financial Partners LLC now owns 15,792 shares of the company’s stock worth $1,875,000 after buying an additional 120 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of iShares MSCI Global Min Vol Factor ETF by 0.6% during the third quarter. NewEdge Advisors LLC now owns 28,874 shares of the company’s stock valued at $3,463,000 after acquiring an additional 181 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in iShares MSCI Global Min Vol Factor ETF by 2.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,838 shares of the company’s stock worth $1,287,000 after acquiring an additional 231 shares during the period. Rathbones Group PLC lifted its holdings in iShares MSCI Global Min Vol Factor ETF by 11.0% during the first quarter. Rathbones Group PLC now owns 3,528 shares of the company’s stock worth $422,000 after acquiring an additional 351 shares during the period. Finally, VSM Wealth Advisory LLC purchased a new position in iShares MSCI Global Min Vol Factor ETF in the fourth quarter worth $46,000.

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.