iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Hits New 12-Month High – Here’s Why

iShares MSCI USA Min Vol Factor ETF (BATS:USMV) shares reached a new 52-week high during trading on Monday . The stock traded as high as $89.53 and last traded at $93.77, 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 5.8 %

The company has a market cap of $23.83 billion, a price-to-earnings ratio of 24.43 and a beta of 0.79. The stock’s 50 day moving average price is $91.57 and its 200 day moving average price is $91.55.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. TFR Capital LLC. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at approximately $483,000. BridgePort Financial Solutions LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at $7,606,000. Brooklyn FI LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at $2,871,000. Pinnacle Wealth Planning Services Inc. acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth $665,000. Finally, Capital A Wealth Management LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth about $211,000.

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.