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

iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) reached a new 52-week high during trading on Wednesday . The stock traded as high as $127.43 and last traded at $127.40, with a volume of 5088 shares traded. The stock had previously closed at $126.03.

iShares MSCI Global Min Vol Factor ETF Stock Performance

The stock has a 50-day moving average price of $122.80 and a two-hundred day moving average price of $121.91. The stock has a market capitalization of $3.57 billion, a PE ratio of 18.66 and a beta of 0.57.

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

A number of hedge funds have recently modified their holdings of ACWV. Ameriprise Financial Inc. raised its position in shares of iShares MSCI Global Min Vol Factor ETF by 1.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 239,112 shares of the company’s stock valued at $28,676,000 after purchasing an additional 4,215 shares during the period. Triumph Capital Management bought a new position in iShares MSCI Global Min Vol Factor ETF in the 3rd quarter worth $122,000. NewEdge Advisors LLC boosted its holdings in iShares MSCI Global Min Vol Factor ETF by 0.6% in the 3rd quarter. NewEdge Advisors LLC now owns 28,874 shares of the company’s stock worth $3,463,000 after buying an additional 181 shares during the period. Vantage Financial Partners LLC increased its stake in 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 in the last quarter. Finally, Western Wealth Management LLC increased its stake in iShares MSCI Global Min Vol Factor ETF by 30.8% in the 4th quarter. Western Wealth Management LLC now owns 3,017 shares of the company’s stock worth $358,000 after buying an additional 710 shares in the last quarter.

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.