iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) Hits New 1-Year High – Should You Buy?

iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $119.71 and last traded at $118.8350, with a volume of 184215 shares changing hands. The stock had previously closed at $119.97.

iShares MSCI Global Min Vol Factor ETF Stock Performance

The stock has a market cap of $3.35 billion, a P/E ratio of 18.66 and a beta of 0.57. The stock’s fifty day moving average is $119.51 and its 200 day moving average is $118.46.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ACWV. Landaas & Co. WI ADV lifted its holdings in shares of iShares MSCI Global Min Vol Factor ETF by 47.0% in the 1st quarter. Landaas & Co. WI ADV now owns 4,448 shares of the company’s stock worth $518,000 after acquiring an additional 1,422 shares during the last quarter. Cable Hill Partners LLC boosted its position in shares of iShares MSCI Global Min Vol Factor ETF by 17.7% during the first quarter. Cable Hill Partners LLC now owns 2,575 shares of the company’s stock valued at $301,000 after buying an additional 388 shares during the period. Lester Murray Antman dba SimplyRich raised its holdings in shares of iShares MSCI Global Min Vol Factor ETF by 4.0% in the first quarter. Lester Murray Antman dba SimplyRich now owns 15,671 shares of the company’s stock worth $1,823,000 after buying an additional 605 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of iShares MSCI Global Min Vol Factor ETF during the 1st quarter worth approximately $1,580,000. Finally, OLD Mission Capital LLC purchased a new position in iShares MSCI Global Min Vol Factor ETF during the 1st quarter valued at $3,326,000.

iShares MSCI Global Min Vol Factor ETF Company Profile

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.