iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Hits New 12-Month High – Time to Buy?

iShares MSCI USA Min Vol Factor ETF (BATS:USMV) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $91.93 and last traded at $91.28, with a volume of 1092839 shares. The stock had previously closed at $91.66.

iShares MSCI USA Min Vol Factor ETF Stock Performance

The firm has a market cap of $26.75 billion, a PE ratio of 25.30 and a beta of 0.59. The firm’s 50 day moving average price is $92.34 and its two-hundred day moving average price is $88.96.

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

Several institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its holdings in iShares MSCI USA Min Vol Factor ETF by 0.9% in the third quarter. PNC Financial Services Group Inc. now owns 9,905,008 shares of the company’s stock valued at $904,426,000 after buying an additional 91,948 shares during the last quarter. LPL Financial LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 6.9% in the third quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock worth $489,205,000 after acquiring an additional 346,414 shares in the last quarter. Catalyst Capital Advisors LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 5.2% in the 2nd quarter. Catalyst Capital Advisors LLC now owns 3,658,707 shares of the company’s stock worth $307,185,000 after acquiring an additional 182,050 shares during the period. Cerity Partners LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% during the third quarter. Cerity Partners LLC now owns 2,134,175 shares of the company’s stock valued at $194,871,000 after buying an additional 17,264 shares during the last quarter. Finally, Financial Advisors LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 1.5% in the 3rd quarter. Financial Advisors LLC now owns 1,109,209 shares of the company’s stock valued at $101,282,000 after buying an additional 16,576 shares during the period.

iShares MSCI USA Min Vol Factor ETF Company Profile

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.